News Summary
Los Patrones Business Park in Rancho Mission Viejo has achieved two significant leases with JH Wall Paints and Precision Aerial Services, despite an overall decline in the Orange County industrial market. JH Wall Paints has leased 3,620 square feet for e-commerce and administrative functions, while Precision Aerial Services occupies 2,030 square feet for equipment storage. These leases indicate a resilient demand in the area, amidst increasing vacancy rates and economic uncertainty.
Rancho Mission Viejo – Los Patrones Business Park has recently secured two significant leases amidst a challenging period for the industrial market in Orange County. The newly signed leases, one with JH Wall Paints and the other with Precision Aerial Services, mark an exception to the rising vacancy rates and decreasing lease prices affecting the wider region.
JH Wall Paints, a family-owned business based in Laguna Beach specializing in interior lime wash paint, has rented 3,620 square feet at 28600-28650 Airoso St. The company plans to utilize its new space primarily for e-commerce distribution and administrative tasks. Meanwhile, Precision Aerial Services, which provides aerial lifts and crane equipment, has signed a lease for 2,030 square feet at the same business park for equipment storage purposes.
Both leases were facilitated by JLL, with Kris Smith and Louis Tomaselli acting as brokers for Los Patrones Business Partners II LLC, the landlord. Los Patrones Business Park consists of two buildings, developed in two phases. The first phase includes a 20,424-square-foot building, while the second phase features a 12,922-square-foot building. The business park is strategically located near major transport routes including Interstate 5, the 241 Toll Road, and State Route 74 (Ortega Highway).
While these leases are positive news, they stand in stark contrast to broader trends in the Orange County industrial market. Recent reports indicate a significant softening of this market, characterized by increased vacancy rates and decreased lease rates. CBRE’s Q2 2025 quarterly report highlights that economic uncertainty and tariff issues have caused caution among business decision-makers in the area.
Despite these challenges, JLL reports a notable rebound in leases of larger spaces, with an increase of nearly 69% in leases between 50,000 and 100,000 square feet in Q2 2025 compared to Q1 2025. This surge suggests a resilient demand for larger industrial spaces, indicating that while trends show deterioration, there are areas of strength within the market.
Industry experts at JLL express optimism for the future of Orange County’s industrial sector, attributing this resilience to the area’s strong local production and advanced manufacturing capabilities. The strategic location, secure facility features, and immediate occupancy availability of Los Patrones Business Park have positioned it to attract businesses even in a declining market.
Los Patrones Business Park has been home to several tenants in the past, including eateries like Oak Ranch Grill, local businesses such as Frisby Winery and Brewery, and recreational facilities, including a swimming academy and a pet spa hotel. Furthermore, it has housed a Muay Thai and Jiu-Jitsu gym, indicating its appeal to a variety of sectors.
In summary, while the overall conditions in the Orange County industrial market show signs of strain, the recent leases at Los Patrones Business Park underscore a continued interest and demand for multi-tenant industrial facilities. The ongoing leasing activity and the park’s strategic advantages persist as focal points for businesses navigating today’s economic landscape.
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Additional Resources
- Orange County Business Journal
- Wikipedia: Rancho Mission Viejo
- Orange County Register
- Google Search: Rancho Mission Viejo real estate
- Connect CRE
- Google Scholar: Rancho Mission Viejo real estate
- Bisnow
- Encyclopedia Britannica: Rancho Mission Viejo
- Rebusiness Online
- Google News: Rancho Mission Viejo
Author: STAFF HERE MISSION VIEJO WRITER
MISSION VIEJO STAFF WRITER The MISSION VIEJO STAFF WRITER represents the experienced team at HEREMissionViejo.com, your go-to source for actionable local news and information in Mission Viejo, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Oso Fit 5K Fun Run and Community Health Fair, Walk Against Drugs & Community Fair, and National Night Out. Our coverage extends to key organizations like the Mission Viejo Chamber of Commerce and Providence Mission Hospital Mission Viejo, plus leading businesses in retail and education that power the local economy such as The Shops at Mission Viejo, Capistrano Unified School District, and Amazon Delivery Station. As part of the broader HERE network, including HEREAnaheim.com, HEREBeverlyHills.com, HERECostaMesa.com, HERECoronado.com, HEREHollywood.com, HEREHuntingtonBeach.com, HERELongBeach.com, HERELosAngeles.com, HERESanDiego.com, and HERESantaAna.com, we provide comprehensive, credible insights into California's dynamic landscape.
