Real Estate Data Company Moving to O.C. : Incentives: Anaheim offers concessions worth $120,000 a year in persuading TRW REDI not to relocate in Texas.

ANAHEIM —  In an economic boost for the city of Anaheim, TRW REDI Property Data, a real estate data company, will move its Riverside headquarters and 250 workers to Anaheim’s redevelopment zone later this year.

A subsidiary of TRW Inc., the $8-billion information company based in Cleveland, TRW REDI will consolidate its operations in a large building formerly occupied by Hughes Aircraft in Anaheim. As part of its relocation efforts, the firm also will move 100 workers from a small building in Anaheim and from other locations to the new building.

“This location gives us the opportunity to consolidate our operations from around Southern California,” said Ed Setzer, general manager of TRW REDI, which has 1,200 employees nationwide. “This location is central and, economically, we got a great deal from the city of Anaheim.”

TRW REDI, which was considering moving its Riverside headquarters to Texas, decided to relocate into a 100,000-square-foot building at 5601 East La Palma Ave. in Anaheim because of attractive economic incentive offers by the city, Setzer said.

The incentives--designed to save the company $120,000 each year--included a $20,000 gift from the city for rehabilitation of the building, a write-down of rehabilitation costs and lowered utility bills.

“They were looking at Texas. We wanted to keep them here so we worked out a combination of incentives,” said Elisa Stipkovich, executive director of the city’s community development department.

“This proves that Orange County is extremely competitive, and in this case we were able to save a data center that would have moved out of the state completely.”

The building, vacant for several years, will house the data processing center for TRW REDI, which keeps track of monthly home sales in California and other real estate related data.

Local business leaders said the move shows that Orange County’s is still an attractive place for business, despite the county’s bankruptcy filing late last year.

“These are not just 250 jobs coming to Anaheim--what’s important is the business they stimulate in the local economy,” said Wayne Wedin, chairman of the board of the Orange County Business Council. “It shows that companies have faith in the county’s long-term prospects. It’s a good deal.”