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10/31/19
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ZTelco, a fast-growing phone and internet service provider, has acquired a freestanding 8.8k sf building in Poway for $2 mil, or $227/sf. ZTelco will use the property, located at 12585 Kirkham Rd, as its new headquarters.
ZTelco’s will use the building for office space, a new warehouse, and to house a static microwave receiver tower capable of delivering fiber internet speeds to businesses and large residential facilities within line-of-sight. The acquisition, according to ZTelco President, Jacob Hansen, will help to further enhance the company's mission in providing the next generation of internet connectivity to San Diego communities, including Poway.
Gregory Hooker and Brant Aberg of Cushman & Wakefield represented ZTelco. The seller was an engineering firm represented by Weston Yahn of Cushman & Wakefield and Connor Wieck of Voit Real Estate Services.
“This is a very well-maintained industrial facility providing a great working environment in the heart of Poway’s business district, that will both accommodate ZTelco’s own growth needs in San Diego, while fulfilling their goal of bringing wireless fiber connectivity to Poway's business district,” said Hooker. “Relocating from another facility in Kearny Mesa, ZTelco plans to expand operations in Poway in November 2019 and expect their headquarters move to be completed before 2020.”
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