Northrop Grumman-Leased Office Campus Trades Hands
- May 26, 2015
Drawbridge Realty recently acquired the Spectrum 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.
Located on 10 acres at 9326 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.
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.
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.
Image courtesy of drawbridgerealty.com