SAN DIEGO-CB Richard Ellis Realty Trust has acquired a134,000-square-foot two-story class A corporateheadquarters/R&D building at 10450 Pacific Center Court in theSorrento Mesa submarket that is fully leased to Time Warner Cablethrough 2018. The building is the cable company's regionalcorporate headquarters and R&D facility.

The property, which has additional entitlements for 86,000square feet of office development that includes a structuredparking garage, is just north of Mira Mesa Boulevard and is home tonumerous telecommunications, medical/biotech and defensecontracting companies. CBRE Realty Trust describes the SorrentoMesa submarket as "a primary office and R&D location that hashigh barriers to entry for further development."

Jack A. Cuneo, CEO and president of CB Richard Ellis RealtyTrust, notes that Time Warner Cable has been a long-term tenant inthe market and serves over 400,000 households from the building.The cable company relocated to the property in 2006, consolidatingits operations into the building from three separate facilities.The building is a critical use facility that houses management,corporate operations personnel and service technicians.