5887 Copley Drive – Photo courtesy of Cushman & Wakefield

5887 Copley Drive – Photo courtesy of Cushman & Wakefield

San Diego-based Guild Mortgage Co. has signed a 10-year lease for 40,000 square feet valued at approximately $10 million, as it expands its headquarters in Kearny Mesa, according to local commercial brokers.

A statement from brokerage firms Cushman & Wakefield and NAI San Diego said the mortgage company’s new location, at The Terraces office complex at 5887 Copley Drive, is an expansion of Guild Mortgage’s current corporate headquarters in the neighboring North Island Credit Union Building.

The expansion included the installation of a new pathway between the buildings.

Guild Mortgage was represented in the deal by NAI San Diego’s Mark Silverman, Alli Lucas and Matt Midura. NAI represented the mortgage company in its original headquarters leasing in 2010 and has since continued to provide leasing services for Guild’s branch locations.

Cushman & Wakefield’s Brett Ward and Michael Cassolato represented the landlord, PGIM Real Estate, formerly known as Prudential Real Estate Investors. The two-building Terraces complex was built in 2009.

Guild Mortgage Co. was founded in 1960 in San Diego as a home financing company and is now the nation’s 16th largest mortgage lender. It has more than 250 branch offices in 25 states.