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10/10/25
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Drawbridge Realty acquired The HIVE, a 190k sf, three-building Class A office campus in Costa Mesa. The property, located at 3333-3337 South Susan St in the city’s Greater Airport submarket, was sold by Invesco Real Estate. The acquisition includes approximately three acres of excess land with future development potential.
During the transaction, Drawbridge entered negotiations with Anduril Industries Inc, a leading developer of next-generation defense technology, to lease the entire campus on a long-term basis. The lease was signed on the same day that the transaction closed. The HIVE is adjacent to The Press, the repurposed Los Angeles Times Orange County printing facility and now Anduril’s award-winning 634k sf headquarters campus.
Built in 2003, The HIVE spans 14 acres and features three two-story buildings, a community courtyard with espresso bar and outdoor lounge, indoor and outdoor conference and workspaces, and a fitness center. Its location provides exceptional connectivity—just minutes from South Coast Plaza, Metro Pointe at South Coast, and John Wayne Airport.
Eastdil Secured brokered the sales transaction. Tucker Hughes of Hughes Marino represented Anduril in their lease negotiations.
With the addition of The HIVE, Drawbridge has acquired $304 mil in assets year-to-date, totaling over 402k sf. This summer, the firm acquired Block 13, a nine-story office tower in Bellevue, WA, fully leased on a long-term basis to Meta. Drawbridge has also invested $20 mil in tenant and capital improvement projects across its national portfolio in 2025.
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