Precision Painting of Westlake Village has signed a lease to take more than double its current space in Newbury Park to accommodate growth, according to commercial real estate firm Westcord Commercial Real Estate Services of Westlake Village.

The painting contractor has signed an agreement to take 7,000 square feet in the Anchor Business Park at 2192 Anchor Court. The business, which has 40 employees, currently leases 3,300 square feet at 31312 Via Colinas.

Precision has been operating since 2009 performing both commercial and residential work and has additional locations in Irvine and Santa Clarita, according to its website. It plans to move in two weeks, according to Westcord.

Brett Saunders of Westcord negotiated the lease on behalf of Precision, while Jeff Abraham of Colliers International represented the building owner, Anchor Cooper Group.