The Deal of the Week was the sale of the 165,000-square-foot, flex/R&D/industrial building in Rancho Bernardo at 16550 Via Estrillo, for $26.5 million.
The buyer was Soitec Solar Industries LLC, a French manufacturer of electrical semiconductor materials. The property will be the company's new North American solar manufacturing headquarters. When operational in late 2012, the 176,000-square-foot facility will produce Soitec's proprietary Concentrix concentrated photovoltaic technology solar modules.
The seller of the property was Sony Electronics Inc. (NYSE: SNE).
The one-story building was constructed on a 12.13-acre lot and has a dozen dock-high loading doors, one grade-level door and 27-foot clear ceiling height.
The building consists of 70 percent mostly open office/R&D areas, 30 percent warehouse and a 16,000-square-foot mezzanine storage area. The lot has 250 parking spaces.