Saronic Technologies has signed a long-term lease for 83,000 square feet of industrial and R&D space located at 2727 Kurtz Street in the San Diego market, specifically in the Sports Arena/Airport submarket. This space was previously occupied by Amazon.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 2727 Kurtz Street
• Market: San Diego
• Landlord: Robert Fordi - Realterm; Mark Gabbay - LaSalle Investment Management
• Tenant: Dino Mavrookas - Saronic Technologies
• Landlord's Rep: Mark Lewkowitz, Evan McDonald & Kurtis Blanchard - Colliers
• Tenant's Rep: Shane Poppen & Louis Bickett - Savills
• Lease Term: Long-term

Colliers represented landlords Realterm and LaSalle Investment Management in this transaction, while Savills advised the tenant, Saronic Technologies, which is a defense tech firm that has recently been awarded a $392 million contract by the Navy for drone development and has partnered with Nvidia for AI projects.