TrellisWare Leases Additional Space at Summit Pointe
TrellisWare signed a lease amendment with Newport National for an additional 27,000 square feet of office space at Summit Pointe
SAN DIEGO, CALIFORNIA, May 31, 2019 – JLL announced today that TrellisWare Technologies has signed a lease amendment with Newport National Corporation to expand into an additional 27,000-square feet of office space at Summit Pointe, a 146,626-square-foot office building located on 21 acres at 10641 Scripps Summit Court in San Diego, California. TrellisWare will now occupy approximately 100,000 square feet of space in the building.
Newport National Corporation completed redevelopment of this building in 2018. It is in the process of designing the second phase of Summit Pointe, which will feature the ground up development of a three-story, approximate 90,000-square-foot corporate headquarter office building. Construction is expected to start by the Summer of 2020.
TrellisWare Technologies is represented by David Crabb of Kidder Mathews and Don Mitchell of Cresa. Leading the leasing efforts at Summit Pointe are Jay Alexander and Tim Olson of JLL and Chris Williams of Colliers International. The remaining space in the first phase of Summit Pointe is able to accommodate a headquarters requirement ranging from approximately 8,358 square feet to 47,000 square feet. The leasing team is in talks with several companies that could bring the building to 100 percent leased in the next several of months.
"The continued interest in Summit Pointe confirms our belief that defense/aerospace/cybersecurity industry companies want to be located in a well-designed, amenity rich building and campus," said Scott Brusseau, President, Newport National Corporation. "It offers a secured site with unparalleled amenities bordering a 4,000 acre preserve. It is the perfect headquarters property for relocating or expanding businesses."
Alexander continued by saying “the defense/aerospace/cybersecurity industry continues to be one of the leading industries in San Diego commercial real estate, accounting for approximately 50 percent of the total leasing since 2017.”
Summit Pointe’s first phase was designed in a collaborative effort by McCardle Architects Inc., DesignCorp, Environs and Newport National Corporation. It features a transformed lobby and common areas, bistro, conference center with catering kitchen, fitness facility and multi-purpose game room. Outdoor amenities include an amphitheater, exterior kitchen with barbeque station and bar counter seating, food truck venue and botanical gardens with over 1,000 different exotic species. Tenant well-being amenities include an indoor/outdoor fitness center, showers and lockers, indoor bike storage, mountain biking trails and half-court basketball court.
Summit Pointe is centrally located just minutes from Interstate 15 off of Scripps Poway Parkway, providing easy access to neighboring communities and abundant retail and hospitality services. The property offers stunning views of the mountains and bike trails throughout the Los Penasquitos Canyon Preserve.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Newport National Corporation
Newport National Corporation (NNC) is a full service, vertically integrated real estate company based in Carlsbad, California. NNC was founded in 1973 by Mr. F.M. “Bruce” Brusseau. NNC’s business strategy has and continues to be the acquisition, development and management of prime commercial real estate properties in dynamic growth areas. The firm has developed over five million square feet and managed a diverse portfolio including low and mid-rise office, power centers, shopping centers, free standing industrial, multi-tenant industrial, research & development, business parks and residential properties. Today NNC’s operations are focused in San Diego County, California. Since inception the company has developed projects throughout Southern California as well as in Arizona and Colorado.