FARNBOROUGH, ENGLAND-Segro announced today that it has sold the IQ Farnborough business park for $145 million to three separate firms. The existing buildings and 18 acres were sold to a joint venture of Harbert Management Corp. and XLB Property for $127 million, and two future owner-occupiers have taken the rest.

The park is the former first location of the Royal Aircraft Establishment, built in 1946 to build aircraft and test jets. The property is being redeveloped as a 1.7-million-square-foot office park. Currently, the park has 411,000 square feet, and tenants include Autodesk, Agusta Westland, Blue Coat Systems, Defense Strategy & Solutions (formerly RAE), Orcare Ltd., Red Hat and a hotel. The park is 13.1% vacant.

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