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1/24/13
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3201 Scott Blvd, Santa Clara |
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Drawbridge Realty Trust has acquired 3201 Scott Boulevard, a 66.1k sf office building in Santa Clara, for $18 mil ($272/sf). The two-story building is leased to Advantest America. It was sold by Menlo Equities LLC in an off-market transaction.
With this recent acquisition, Drawbridge owns and manages a portfolio of 1.8 msf throughout the western United States. The recent purchases come after the firm received a $150 mil capital investment from Almanac Realty Investors last September.
Discovery Center, Rancho Bernardo |
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In addition to Scott Boulevard, Drawbridge Realty Trust recently acquired three office properties in San Diego County. Two of the three buildings are leased to Broadcom Corporation and are situated within the Discovery Corporate Center campus at 11020 Via Frontera Dr and at 16465 Via Esprillo in Rancho Bernardo. The properties were purchased for $53 mil and comprise a total 137.4k sf ($386/sf).
Drawbridge also acquired a vacant two-story, life sciences building located at 6550 Nancy Ridge in the Sorrento Mesa area for $2 mil.
Drawbridge Realty Trust, LLC is a San Francisco-based real estate investment and development company that targets commercial property investments in select markets across the western United States. Drawbridge pursues properties suited to large corporate tenants, with an emphasis on fully occupied buildings, as well as properties that are ready for new development, redevelopment, or conversions to higher and better uses. The firm currently holds properties in the Silicon Valley, San Diego, Austin, Texas, and Salt Lake City, Utah.
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