Long-Troubled Office Building 98% Occupied

Less than a year after a new owner took over, Oxnard’s long-troubled 1000 Town Center Drive office building is now 98% occupied.

The green glass structure near the Ventura Freeway was more than 50% vacant from the time of its completion in 1990 until it was purchased in December, 1993, by Bedford Property Investors Inc., a Northern California real estate investment trust.

Increased occupancy of the 100,000-square-foot building has coincided with the dwindling availability of quality office space in Ventura County, reports Bill Kiefer of Grubb & Ellis Co., the structure’s leasing agent.

The new owner’s biggest boost came when Ventura-based Kinko’s Service Corp. took more than two of the building’s six floors. Other new tenants include a dental practice, an accounting firm and a publishing concern.