ALISO VIEJO, CA—Quality office space is no longer an afterthought for many larger users, and they use their office space to create the sense that they want their employees to have the best, Newport Beach, CA-based Stillwater Investment Group founder John Drachman tells GlobeSt.com. The firm, in a joint-venture partnership with CrossHarbor Capital Partners, recently acquired a three-building, 161,000-square-foot office campus at 26600, 26650 and 26700 Aliso Viejo Pkwy. here for $36 million from Cavium Inc., which was represented by Byron Foss and Greg Tippin with Newmark Grubb Knight Frank.
Built in 1999, the campus encompasses three, two-story buildings with 2.5 acres of excess land. The site has been the corporate headquarters for QLogic, a wholly owned subsidiary of Cavium Inc., a global leader and technology innovator in high-performance server and storage networking connectivity products. On the heels of the acquisition of QLogic by Cavium in August 2016, it was announced that QLogic would relocate its remaining Orange County operations to the Irvine Spectrum.
We spoke with Drachman about the acquisition and the challenges to marketing assets to larger users.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
