San Diego Business Journal

Chula Vista Apartment Communities Sold for $77M

Monday, December 24, 2012

San Francisco-based Jackson Square Properties LLC has purchased two Chula Vista apartment communities totaling 416 units for $77 million.

The 233-unit Terra Nova Villas and 183-unit Canyon Villa were acquired from BRE Properties Inc., also based in San Francisco, according to a statement from the San Diego office of brokerage firm Cushman &Wakefield, which handled the transaction.

Terra Nova Villas was built in 1985 on nearly 13 acres at 440 East H St.

Canyon Villa, built in 1981, consists of 35 buildings on approximately eight acres at 601 Telegraph Canyon Road.

— SDBJ Staff Report