Cities Index.
item 11 Approval of the Third Amendment to the Lease Agreement with Investel Development, LLC for office space located at 12966 Euclid Street, Garden Grove. (Action Item)

Garden Grove City Council
October 14, 2025

Document
item 11 Approval of the Third Amendment to the Lease Agreement with Investel Development, LLC for office space located at 12966 Euclid Street, Garden Grove. (Action Item)
Meeting
October 14, 2025
Body
Garden Grove City Council
Original file
143 KB
Text extracted from the city's file for reading and search. Open the original on agendasuite.org. That file is the official record.

Prepared by:

Peter Wells 714.371.9220 [email protected]
Taylor Friend 714.371.9241 [email protected]
Garden Grove Plaza
Stacking Plan – September 2025
12966 Euclid Street
Gar
den Grove, CA
VACANT
Suite 500
Lease 3,337 SF
CA Medical
Evaluators
Suite 508
Lease 1,888 SF
Exp: 2/26/26
Start: 1/1/22
Golden Era
Promotions/Babylon
Suite 550
Lease 1,712 SF
Exp: 6/30/27
Start: 5/1/25
Acute Data
Suite 530
Lease 803 SF
Exp: 1/1/26
Start:10/1/22
Tony H. Vu
Suite 520
Lease 1,615 SF
Exp: 11/30/26
Start: 9/1/23
VACA
NT
Suite 510
BOMA 1,550 SF
VACANT
Suite 525
BOMA 554 SF
EasyFlex
Suite 515
Lease 2,371 SF
Exp: 11/30/29
Start: 12/1/24
1 3,830 SF
Law Offices of Choi & Choi
Suite 400
Lease 2,008 SF
Exp: 5/31/27
Start: 4/1/12
VACANT
Suite 450
BOMA 920 SF
T&T Group
Suite 445
Lease 580 SF
Exp: 11/30/26
Start: 10/1/23
Orange County Asian Pacific Islander Community Alliance, Inc. (OCAPICA) Suite 495
Lease 7,859 SF
Exp. 8/31/26
Start: 7/1/23

OCAPICA
Suite 425
Lease 1,905 SF
Exp: 8/31/26
Start: 10/16/23
13,272 SF
Investel Resorts Management, LLC
Suite 300/320/330
Lease 13,272 SF
Exp: 11/30/25
Start: 6/1/17
13,272 SF
Paul Joo
Suite 210 (250
E&F)
Lease 1,820 SF
Exp: 4/30/28
Start: 12/01/12
Mgmt.
250C
326 SF
James Nguyen
250D
Lease 203 SF
Exp: MTM
Start: 4/1/18
Kitchen
CC
73 SF
Hung Nguyen
250A/B
Lease 700 SF
Exp: MTM
Start: 1/1/15
Western
International
Real Estate
Suite 270
Lease 761 SF
Exp: MTM
Start: 4/1/17
Andrew Pham
and Toan Tran
Suite 275
Lease 702 SF
Exp: MTM
Start: 4/1/14
VACANT
Suite 240
BOMA 1,074 SF
Pathways Community
Services, LLC
Suite 220
Lease 2,742 SF
Exp: 6/30/28
Start: 7/1/213
Pathways Community
Services LLC
Suite 200/280
Lease 3,930 SF
Exp: 6/30/28
Start: 7/1/23
12,331 SF
VACANT
Suite 100
BOMA 3,291 SF
Lucky Team
Escrow, Inc.

Suite 110
Lease 1,035 SF
Exp: 4/30/28
Start: 1/3/25
VACANT
Suite 130
BOMA 2,041 SF
Farmers & Merchants Bank of Long Beach
Suite 150
Lease 5,332 SF
Exp: 6/1/36
Start: 6/1/25
11,699 SF
Total Rentable Square Footage (“RSF”) per Stevenson Systems report dated 10/02/2019 – 64,404 RSF Vacant 19.8% (12,767 sf)
MTM 3.7% (2,366 sf)
2025 20.6% (13,272 sf)
2026 22.7% (14,650 sf)
2027 5.8% (3,720 sf)
2028 14.8% (9,527 sf)
2029 3.7% (2,371 sf)
2036 8.3% (5,332 sf)
Bldg Mgmt 0.6% (399 sf)

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