Drawbridge Inks Lease Expansion at San Diego Office Campus

Drawbridge Realty has signed a 16,485-square-foot expansion with Leonardo DRS Inc. at Discovery Corporate Center, a three-building, 228,895-square-foot Class A office campus in San Diego’s Rancho Bernardo submarket.

The tenant, a supplier of integrated products and services for military forces and defense contractors, will now fully occupy the 84,277-square-foot Building D. With this deal, Discovery Corporate Center reached 100 percent occupancy.

The current ownership acquired buildings B and D in 2012 for $52.2 million, according to CommercialEdge. Drawbridge purchased Building A in 2013 for $36.5 million, from Menlo Equities.

Building D is a three-story Class A office and R&D building at 16465 Via Esprillo, completed in 2011 as a built-to-suit expansion for Broadcom Inc. The tenant will use the space to grow its research operations in the area while also providing additional office space. The acre

The three-story, 90,610-square-foot Building A is at 16340 W. Bernardo Drive and features two passenger elevators, 30,204-square-foot floor plates and 362 vehicle parking spots. The office property came online in 2007 and includes R&D space, a fitness center, a cafeteria and a basketball court. Building A is fully occupied by Broadcom Inc., that signed a five-year lease extension in February last year.

Discovery Corporate Center’s Building B is a 54,008-square-foot, two-story property at 11020 Via Frontera that also came online in 2007 as a built-to-suit project for Broadcom, now leased by Apple.

Recent activity in the Rancho Bernardo submarket

Discovery Corporate Center is a 10-acre office campus close to Interstate 15, that allows easy access in the area, while being 19 miles from Ramona Airport, 25 miles from San Diego International Airport and within 26 miles from downtown San Diego.

Drawbridge Realty recently completed construction on Via Del Campo Court’s Building 2, an 80,720-square-foot, three-story speculative office building at 16705 Via Del Campo Court. The property is part of a three-building Class A office and R&D campus totaling 248,792 square feet.

Building 2 is the first speculative project to have been constructed in the Rancho Bernardo submarket in more than a decade. In August last year, the landlord signed a 55,227-square-foot long-term lease with semiconductor manufacturer ASML. The deal was also brokered by JLL, that now is marketing the remaining 25,493 square feet of space for lease.