RANCHO BERNARDO, CA—Drawbridge Realty Trust has acquired two buildings in the Discovery Corporate Center, located at 11020 Via Frontera Drive and at 16465 Via Esprillo in Rancho Bernardo, for $53 million.  The two properties, comprising 137,438 square feet, are leased to Broadcom Corporation.  The seller was Menlo Equities, LLC, and there were no brokers involved in the off market transaction.  

“These quality institutional buildings are an excellent investment for Drawbridge Realty Trust in one of Southern California’s premier submarkets,” said Mark Whiting, CEO of Drawbridge. “The buildings are ideally located for large corporate users.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.