SAN DIEGO, CALIF. – Drawbridge Realty announced today that speculative development has started on 16707 Via Del Campo, a $30 million, 82,000-square-foot Class A office building located in the Rancho Bernardo community of San Diego, California. Completion of the building is anticipated by January 2023 with occupancy available in the first quarter.
Designed by HED Architects with BN Builders serving as the general contractor, 16707 Via Del Campo Court features large and efficient 27,000 square foot floor plates, 15’ foot floor to floor ceiling heights to allow for a mix of lab and office, expansive window lines for abundant natural light, 4 parking spaces per 1,000 square feet and a unique, oversized 3rd floor patio with panoramic views of the surrounding valley and hills.
“With our local properties at 100% occupancy and a goal of expanding our existing portfolio in target markets such as San Diego County, we felt the time was now to build a new building. Given return to work is gathering pace, we feel major employers will prefer new Class A buildings with better efficiencies and amenities such as outdoor balconies to enhance the employee experience as they migrate back to the office from their homes.” said Mike Embree, Senior Vice President-Asset Management, Drawbridge Realty.
Leading the leasing efforts at 16707 Via Del Campo Court are JLL’s Jay Alexander, Tim Olson and Greg Moore. The office property can accommodate a wide range of company types.
“The modern design of 16707 Via Del Campo Court allows the building to meet the needs of today’s tech companies, lab companies and traditional office uses, in a variety of sizes” said Jay Alexander, JLL Managing Director.
Tim Olson JLL Managing Director continued by saying “This development demonstrates the demand of tech and defense firms in Rancho Bernardo, the largest submarket in the I-15 Corridor” said. “The lack of large contiguous blocks of space has created an opportunity for Drawbridge to provide an additional high quality office building in the area.”
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 98,000 as of December 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.
About Drawbridge Realty
Drawbridge Realty is a real estate investment company focused on acquiring, developing and managing commercial property investments in high growth technology and innovation driven markets across the U.S. Its portfolio primarily consists of strategically important office and research properties leased long-term to large corporations. Drawbridge has a successful history of creating value for corporate clients and investors and has completed transactions with many major companies including Apple, Bayer, Broadcom, Collectors Universe, IBM, Google, Johnson & Johnson, L3Harris Technologies, Lockheed Martin, Medtronic, NI, Northrop Grumman and Take-Two Interactive.
