An affiliate of CT Realty has purchased a Poway industrial building housing General Atomics Aeronautical Systems Inc. for $14.4 million, the Aliso Viejo-based property investment company announced.
The recorded seller of the 112,000-square-foot property, at 13550 Stowe Drive in the Poway Business Park, was San Diego Income Props LLC, according to CoStar Group. The building was constructed on 8.3 acres in 1991 and renovated in 1996.
CT Realty officials said the manufacturing and warehouse building is fully occupied by defense contractor General Atomics. The buyer and seller were represented by Tim Hoag of brokerage company Cushman & Wakefield Inc.
Officials said CT Realty was established in 1994 and has recently focused on industrial properties in Southern California and Texas. Its portfolio includes more than 6 million square feet of existing buildings and more than 600 acres of land acquired since 2010.