January 11, 2016
In its second recent Poway acquisition, Aliso Viejo-based CT Realty purchased the 339,264-square-foot industrial building that serves COHU, Inc.’s headquarters for more than $34 million.
Located within Poway Business Park, the 20.8-acre site at 12367 Crosthwaite Circle encompasses a large block of space in a tight industrial submarket, notes CT Realty’s Steve Provencio. CT Realty plans to convert the project into a multi-tenant building, with COHU leasing back a portion of the building for 10 years.
Louay Alsadek, Brad Black, Hunter Rowe and Andrew Taylor of CBRE, along with Pat Collins represented the seller, COHU, Inc. CT Realty represented itself.