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Stock impact report

Drawbridge Realty Completes Purchase of HIVE Office Campus in Costa Mesa and Concurrently Leases 100% to Anduril Industries [Yahoo! Finance]

Arrow Electronics, Inc. (ARW) 
Last arrow electronics, inc. earnings: 4/30 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Class A office campus at 3333-3337 South Susan St., in Costa Mesa's Greater Airport submarket. The seller was Invesco Real Estate. Eastdil Secured brokered the transaction. During the transaction, Drawbridge entered negotiations with Anduril Industries, Inc., a leading developer of next-generation defense technology, to lease the entire campus on a long-term basis. The lease was signed on the same day that the transaction closed. Tucker Hughes of Hughes Marino represented Anduril in lease negotiations. The HIVE is adjacent to The Press , the repurposed Los Angeles Times Orange County printing facility and now Anduril's award-winning 634,000-square-foot headquarters campus. "The HIVE underscores our commitment to investing in high-quality assets backed by strong credit tenants," said Charlie McEachron, CEO of Drawbridge Realty. "It is an outstanding property in a premier location, and our ability to secure a lease with a strong tenant aligns with our long-term investment strategy Show less Read more
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