Excel Trust Buys Rancho Bernardo LA Fitness Building for $14.3 MillionFriday, October 11, 2013
San Diego-based Excel Trust Inc. has purchased a Rancho Bernardo building housing LA Fitness for $14.3 million, according to CoStar Group and public data.
The sellers of the 38,000-square foot property, at 16913 Dove Canyon Road, were White Partners Ltd. LP of Rancho Mirage and White Renee Trust of San Diego, represented by brokerage services provider Cassidy Turley.
According to CoStar, the sellers included four investment entities that had previously transferred their respective stakes in the property into living trusts.
Excel Trust (NYSE: EXL) is a real estate investment trust that invests in retail and related commercial properties. It is headquartered in Rancho Bernardo.
— SDBJ Staff Report