Friday, June 13, 2014

Lockheed Martin Offers Complex for $30M

by John Jordan
Lockheed Martin has decided to sell its complex at 100 Campus Drive here. The firm has set the asking price for the property at $30 million.
Lockheed Martin has said it will close its Space Division campus here and several California facilties next year as part of company-wide cutbacks.
The 52.52-acre campus has three office, lab, and research and development buildings totaling 460,514 square feet. The campus also includes a stand-alone conference center built in 2010 and is approved for 192,000 square feet of office expansion. The complex features extensive infrastructure, including an electrical substation and clean room space.
“100 Campus Drive is one of the largest available commercial sites in the submarket. As a high- tech research and manufacturing facility, the site provides an investor or user with a unique opportunity for reuse. The expansive nature of the corporate campus lends itself to redevelopment at a discount of the replacement cost. The area boasts excellent demographics, a well-educated work force and attractive housing options.”

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