Leases signed in Westlake

Joint venture partners Amstar Group, a Denverbased real estate private equity firm, and Newport Beach-based Steadfast Companies announced that the group's Westlake Park Place development signed approximately 100,000 square feet of leases during the first nine months of 2008, bringing the occupancy to 45 percent.

The leases come from banking, insurance and financial services firms wishing to have a presence in the Conejo Valley.

"Westlake Park Place is quickly being recognized as the banking and financial services hub in Conejo Valley, West San Fernando Valley and Ventura County," said Steadfast Business Properties president Robert J. Searles. "Approximately half of our new tenants are coming from outside of the area or have relocated from outside the Conejo Valley."

Westlake Park Place is a campus style office development that is being constructed in two phases on a 27-acre site next to the 101 Freeway.