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The Point in Rancho Bernardo

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SAN DIEGO-Northrop Grumman Systems Corp. has signed a $9million, 65-month lease for the entire 93,161 square feet of classA office space in at the Point in Rancho Bernardo, a property inRancho Bernardo that is owned by institutional investors advised byPrudential Real Estate Investors. It is one of a number ofsignificant office deals in San Diego County to be signed recently,including deals that pushed occupancy to 100% at another officeproject.

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Northrop Grumman’s space is at 16765 W. Bernardo Dr., accordingto Brian Driscoll of Cassidy Turley BRE Commercial, who representedthe building ownership. The transaction represents one of thelargest lease deals in Rancho Bernardo this year,” Driscoll said.PREI was also represented by Tony Russell of Jones Lang La Salle,with Northrop Grumman represented by Tom Martinez of CB RichardEllis.

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5405 Morehouse Dr.

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The building that hit 100% occupancy is the 48,404-square-foot5405 Morehouse Plaza in Sorrento Mesa, according to associatedirector Christopher High of Cushman & Wakefield, who was oneof the listing agents for the property. The office project ismanaged by Janez Properties, headed by president John Kocmur. Highreports that within the last nine months, more than 18,000 squarefeet in new leases have been signed at 5405 Morehouse.

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New lease transactions at the property include: Zeebo, a SanDiego-based consumer electronics company, signed a lease for 7,129square feet and was represented by Darren Morgan of Cushman &Wakefield. High, Jeff Oesterblad and Eric Northbrook, also ofCushman & Wakefield, represented Janez Properties in all of theleases.

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STEC, Inc., a provider of solid state technology and solutionsto serve the high performance and reliability needs of originalequipment manufacturers, signed leases totaling 6,495 square feetand was represented by David Hazan of AWS.

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High Street Partners, a financial and administrative servicescompany which provides strategies for efficient internationalexpansions, signed a lease for 2,459 square feet and wasrepresented by Derek Hulse of Colliers International.

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Island Pacific Solutions, a global provider of merchandising andstore operations software solutions to the retail industry, signeda lease for 2,064 square feet and was represented by Nick Bonner ofCB Richard Ellis.

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