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Monday, Dec 4, 2023

Hot Deals

Real Estate Sales

Property: Cabot Plaza, 8120-8182 Miramar Road; Cabot Industrial Park, 8350-8372 Cabot Drive; Foremost Business Park, 8515, 8525, 8535 and 8545 Arjons Drive; Black Mountain Commerce Park, 9580 and 9630 Black Mountain Road and 9360, 9380, 9400 and 9420 Activity Road; Black Mountain Plaza, 9323, 9353, 9373 and 9393 Activity Road; and Rancho del Oro Technology Park, 4048, 4144, 4156 and 4168 Avenida de la Plata, 1965 Plaza Real Circle and 4087 Calle Platino.

Seller: Property Enterprises I, L.P. of San Diego

Selling agents: Andrew and Meyers and Brad Tecca of Business Real Estate represented the buyers and the sellers.

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Buyer: Austin GPI, LLC acquired six San Diego business parks, totaling 556,910 square-feet of space that can be rented out, for $35.55 million.

Property: Prospect Center, 1020 Prospect St.

Seller: Prospect Center Corp.

Selling agents: Trenton Bonner and Mike Slattery of Business Real Estate Brokerage Co./NAI represented the buyer and the seller.

Buyer: Prospect Associates, LLC purchased a 38,780-square-foot office building for $11.68 million.

Real Estate Leases

Property: 1150 and 1200 Simpson Way, Escondido

Lessor: Knowles Family Trust

Leasing agents: Howard Zatkin of Colliers International represented the lessor. Robert Gunness and Ron Bement of CB Richard Ellis represented the lessee.

Lessee: Allied Building Products Corp. signed a five-year, $773,232 lease for two industrial buildings, totaling 19,226 square feet of space.

Property: La Costa Shopping Center

Lessor: Grant Tucker Properties, LLC

Leasing agents: Jon Horning of Flocke & Avoyer represented the lessee. Pete Bethea of John Burnham & Co. represented the lessor.

Lessee: Pacific Bagels signed a five-year, $245,871 lease for 1,620 square feet of shopping space.

Property: Rancho San Diego Village shopping center

Lessor: Burnham Pacific Properties

Leasing agents: Eric Costa and Steve Lewis of Flocke & Avoyer represented the lessor. The lessee represented itself.

Lessee: Framed Again signed a five-year, $116,639 lease for 1,550 square feet of retail space.


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