A Mission Valley office building has been leased by Wawanesa General Insurance.
The 73,970 square-foot building at 7650 Mission Valley Road is owned by H.G. Fenton Company.
Details on the terms of the lease were not disclosed.
Bill Dolan, Rob Merkin and Ryan Grant of CBRE represented H.G. Fenton Company.
Jon Faller of Faller Real Estate represented Wawanesa General Insurance.
The two-story building was recently renovated. The property has 600 parking spaces.
“The property is centrally located in Mission Valley, which boasts the largest retail market and second largest office market in San Diego County,” said Dolan. “The marketing team needed to source a tenant that could fully utilize the property’s unique surplus parking of eight spaces per 1,000 square-feet, which is well above the standard office parking ratio of four spaces per 1,000 square feet. Wawanesa Insurance was the perfect match for what this property has to offer.”
Real estate reporter Ray Huard may be reached at email@example.com or 858-277-8904.