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CT Realty Buys General Atomics' Facility

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CT Realty is breaking into Poway Business Park with the an affiliate of the firm purchasing 13550 Stowe Dr, the 112k SF General Atomics Aeronautical Systems building, for $14.4M from local investors. CT Realty's Carter Ewing says the submarket is extremely tight, with a vacancy rate of 2.4%, and "there's no vacant manufacturing/warehouse space in excess of 75k SF" in Poway. Cushman & Wakefield's Tim Hoag brokered the sale.