San Diego-based Monro Capital Inc. has acquired the four-building Tierrasanta Research Park in Kearny Mesa for $19.5 million, according to brokerage company Cassidy Turley, which represented the buyer and seller.
The seller of the 112,300-square-foot office park – at 9755, 9765, 9771 and 9775 Clairemont Mesa Blvd. – was Hudson Pacific Properties Inc. of Los Angeles.
The property was built on 6.5 acres in 1985 and is approximately 86 percent leased, with tenants including RBF Consulting, California Bank & Trust, Luminex Software Inc., Abgent and NxGen Electronics Inc.
The transaction was handled by Cassidy Turley’s Rick Reeder, Brad Tecca, Bryce Aberg and Brant Aberg.