16340 – 16370 West Bernardo Drive and 11020 Via Frontera 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
