Drawbridge Realty recently acquired the\u00a0Spectrum Corporate Center in San Diego from Real Estate Capital Partners and IVG Institutional Funds. Michael Roberts and Brunson Howard of Cushman & Wakefield Inc. arranged the deal, which was valued at about $61 million.<\/p>\n
Located on 10 acres at\u00a09326 and 9356 Spectrum Center Boulevard and 4830 Ruffin Road in Kearny Mesa, the three-building campus offers a total of 182,900 square feet of space. Spectrum Corporate Center consists of a pair of two-story buildings connected by a 6,775-square foot atrium and a three-story, 66,495-square-foot building.<\/p>\n
The 10-year-old facility is fully leased to Northrop Grumman Systems Corp. a subsidiary of Northrop Grumman Corp. Its location offers access to major routes, including Interstates 15, 805, 8, and 5 as well as Highways 52 and 163.<\/p>\n
Northrop Grumman has occupied the property since its completion in 2005. The company re-committed to the Spectrum Corporate Center just last fall when it inked a 10-year, triple-net lease.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Spectrum Corporate Center in San Diego was recently acquired by Drawbridge Realty in a deal worth around $61 million. The asset was acquired from Real Estate Capital Partners and IVG Institutional Funds in a deal brokered by Cushman & Wakefield representatives Michael Roberts and Brunson Howard.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1608],"tags":[],"class_list":["post-1004120035","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-diego"],"acf":[],"yoast_head":"\n