PRLog - Nov. 29, 2011 - Santa Barbara, CA – Lockheed Martin Corporation has signed a lease renewal with Rockbridge Investments, LP to occupy 84,181 square feet at the Santa Barbara Business Park in Goleta, announced commercial property manager Kate Villar of the Towbes Group, which represented the Landlord in the transaction.
Under the terms of the five-year lease, Santa Barbara Focalplane (SBF), a Lockheed Martin Missiles and Fire Control business, will continue to occupy two identical adjacent 42,000 square-foot, Class A single-story buildings at 336 and 346 Bollay Drive. SBF, founded in Santa Barbara in 1985 and acquired by Lockheed Martin in 1993, is a world leader in the design, custom development and manufacture of infrared component, imaging systems, camera systems and technology used in military, space, medical and commercial applications.
Santa Barbara Business Park consists of six single-story concrete tilt-up structures with pre-cast concrete and tinted glass walls. Buildings range from 14,766 square feet to 42,830 square feet and are designed for hi-tech, light industrial and office uses. Current tenants include Texas Instruments, Cree, Integrated Procurement Technologies, Inogen and True Vision.
Santa Barbara Business Park is part of the 2.0 million square-foot portfolio of office, industrial and retail properties located throughout Ventura, Santa Barbara and San Luis Obispo Counties, managed by the commercial properties division of the Towbes Group, Inc.
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About the Towbes Group
The Towbes Group, Inc. www.towbes.com is a fully integrated real estate investment, development and property management company. Founded in 1960, the Santa Barbara, CA-based firm has developed more than two million square feet of commercial real estate and nearly 6,000 single family and multifamily units in the Tri-county area. With more than two million square feet under management, the commercial properties division of The Towbes Group provides asset and property management for its own portfolio and third party clients.