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Poway Industrial Park Changes Hands

POWAY, CA—Kidder Matthews represented seller and buyer in the $55 million deal.

By David Phillips | Updated on October 26, 2015

POWAY, CA—Sorrento West Properties, Inc., a commercial building operator, has purchased Legacy Stowe Business Center from Pr Stowe LLC for $55 million. Kidder Mathews executive vice president, Mickey Morera, and senior vice president, James Duncan represented both the buyer and the seller in the transaction. 

The 13.82 acre, park-like industrial/R&D campus consists of three buildings totaling 241,187 square feet. It is centrally located with easy freeway access and proximity to restaurants and commercial amenities. In 2001, it won the NAIOP Finest Award for best industrial/manufacturing project.

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