Former Orbital ATK Building Sold for $23 Million

A South Coast investment group has purchased the 83,479-square-foot building that houses what used to the Orbital ATK at 600 Pine Ave., Goleta, for some $23 million.

Northrop Grumman, which acquired Oribital ATK last year ago, is leasing the building until 2025. The company now is called Northrop Grumman Innovation Systems.

Steve Hayes and Francois DeJohn of Hayes Commercial Group listed the building where Orbital ATK became known as a space launch vehicle developer, satellite manufacturer, and munitions supplier.

Solar arrays assembled by Orbital ATK in the clean areas are now on Mars, deployed on NASA’s InSight rover which launched in May 2018 and reached the Red Planet in November.

Caitlin McCahill Hensel and Kristopher Roth, also of Hayes Commercial Group, represented the buyer.

Alliant Techsystems, or ATK, leased space in the site in 2004. In 2010, the property owners constructed an adjoining high-bay structure of approximately 24,000 square feet as part of a 15-year lease renewal agreement with ATK.

Five years later, Orbital ATK was formed by the merger of Orbital Sciences Corp. and ATK. In June 2018, Northrop Grumman acquired Orbital ATK for $9.2 billion and converted it into a new division, Northrop Grumman Innovation Systems.

The structure is on a 6.58 acres and includes office space, lab space, low-bay clean area and high-bay clean area.

Leave a Reply

Your email address will not be published. Required fields are marked *