Drawbridge Realty Trust, a San Francisco-based real estate investment and development company, announced that it had acquired the Discovery Corporate Center Building A in San Diego, California for $36.5 million. Menlo Equities sold the property, originally developed by Bernardo Technology Partners, which was formed in June 2004 to develop, own and operate a 242,526‑square‑foot office technology campus built in two phases. Terms of the deal were not disclosed.
"Building A is the third building we've acquired in the Discovery Corporate Center campus," said Mark Whiting, CEO of Drawbridge Realty Trust. "It's the flagship property on the campus, and serves as Broadcom's regional headquarters."
Adjacent to Rancho Bernardo Road and the I-15 freeway, Building A at 16340 West Bernardo Drive is a three-story Class A office building with 90,610 square feet of space on just over four acres. The property was 100% leased at the time of sale to Broadcom Corporation.
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