SAN DIEGO—When the seller occupying a property is a credit tenant, that is a huge plus for the buyer, but the downside is they're used to doing whatever they want to the property, CT Realty's director of acquisitions Steve Provencio tells GlobeSt.com. As we recently reported, his firm has purchased the 339,264-square-foot industrial building at 12367 Crosthwaite Circle in Poway for $34 million. The property is the headquarters of Cohu, Inc.—a leading supplier of semiconductor test and inspection handlers, micro-electro mechanical system test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors—which will continue to occupy part of the building. We spoke exclusively with Provencio about the property and the leasing arrangement.
GlobeSt.com: What are your plans for the Cohu property?
Provencio: We plan to separate the utilities and the space to create two separate spaces that will each be fully functional.
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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.
