Northrop Grumman-Leased Office Campus Trades Hands

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.

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.

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