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2/17/16
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Ingenu agreed to a lease for 27.9k sf at Horizon Tech Center, a 157.9k sf office complex in San Diego’s Scripps Ranch submarket. Ingenu is a pioneer in delivering connectivity exclusively to machines connecting to the Internet of Things (IoT).
Built in 2008, Horizon Tech Center consists of three, two-story, LEED Gold-certified office buildings. The property, which has 10-foot ceilings, is situated on an 11.35-acre site in close proximity to major thoroughfares. The building is located on Meanley Dr, just east of Scripps Ranch Rd, and adjacent to I-15.
“The property is not only energy efficient with state-of-the-art security and building systems, which our tenants certainly appreciate, it also provides access to great scenery and walking trails at nearby Evan’s Pond,” said Tim Helgeson, senior vice president at KBS REIT II, the property owner.
Ingenu, an expert in wireless technology, is building the first wireless Machine Network™, which will be the world’s largest IoT network dedicated to connectivity for machine-to-machine devices. The IoT is anticipated to include up to 50 billion devices over the next decade – bringing the ability to communicate wirelessly with things like remote meters, sensors, vehicles, and home appliances.
Jay Alexander at JLL represented KBS, while Ron Miller at Colliers represented Ingenu in the transaction.
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