16350 West Bernardo Drive



OPPORTUNITY

  • In June 2004, an affiliate acquired an 11.26-acre site and demolished a functionally obsolete wafer fabrication facility
  • The site is located in the heart of the Rancho Bernardo submarket in north San Diego County, home to Sony, Hewlett Packard, and British Aerospace Engineering (BAE Systems)


BUSINESS PLAN

  • Menlo developed and leased a three-building, 242,000 square foot, class A office technology campus to Broadcom Corporation and Sony Electronics


RESULTS

  • Two buildings were sold 100% leased in December 2012
  • The third was contributed to the Menlo Equities Absolute Return Fund (MEARF) in May 2016 and was 100% leased to Broadcom Corporation and Cymer