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San Diego
Wednesday, Sep 28, 2022
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Progress Report



SALES

Property: 1630 Faraday Ave., Carlsbad.

Seller: Levine Family Trust.

Selling agents: Richard Lebert of Colliers International represented the buyer and Jackie Ross of WJ Commercial Enterprises represented the seller.

Buyer/square footage: Ebel Trust purchased a 33,336-square-foot office building for $6.7 million.

Property: 548-552 Fifth Ave., Downtown.

Seller: Chris LaFornara.

Selling agents: Emily Escanlar of Realty Executives Premier represented the buyer and Everarada Alvarado of ACI Commercial represented the seller.

Buyer/square footage: Dr. Benjamin Camacho purchased a 12,808-square-foot apartment building for $5.2 million.

Property: 12403-12421 Woodside Ave., Lakeside.

Seller: Expressway Plaza East, Ltd. and AP Lakeside, LP.

Selling agents: Steve Rowland, Mike Clark and Joe Yetter of Grubb & Ellis represented the buyer and seller.

Buyer/square footage: La Jolla Development Group/Lakeside Plaza LLC purchased a 42,130-square-foot shopping center for $5 million.

Property: 2150 Michael Faraday Drive, San Diego.

Seller: Faraday Partners.

Selling agents: Larry Edward of NAI San Diego represented the buyer and Regan Tully of Grubb & Ellis represented the seller.

Buyer/square footage: Spec-Built Systems, Inc. purchased 70,200 square feet of industrial space for $4.3 million.

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Property: 4303 Mentone St., San Diego.

Seller: Robert R. and Jennifer L. Heft.

Selling agents: Michael T. Grehl of Colliers International represented the buyer and Mike Slattery and Trenton Bonner of Grubb & Ellis represented the seller.

Buyer/square footage: Mentone Condos, LLC purchased a seven-unit apartment complex for $1.5 million.


LEASES

Property: 1270 Distribution Way, Vista.

Lessor: North County Industrial Park, LP.

Leasing agents: Joe McDermott, David Onosko and Bob Willingham of Coldwell Banker represented the lessor and Trent France of Grubb & Ellis represented the lessee.

Lessee/square footage: Southcoast Packaging Inc. signed a three-year, $341,268 lease for 12,779 square feet of industrial space.

Property: 7509 Girard Ave., La Jolla.

Lessor: AJA La Jolla LLC.

Leasing agents: Nick Alford and Dan Tate of Burnham Real Estate represented the lessor and Phil Wise of Colliers International represented the lessee.

Lessee/square footage: Jackman Industries Inc., dba Seaside Homes, signed a five-year, $1.2 million lease for 9,960 square feet of retail space.

Property: 2403-2405 Alpine Blvd., Alpine.

Lessor: SWRAJ Hotel, Inc.

Leasing agents: Brian Jinings of ECP Commercial represented the lessor and lessee.

Lessee/square footage: Donovan and Beverly Jacobs signed a five-year, $578,768 lease for 6,000 square feet of educational facility space.

Property: 3949 Ruffin Road, San Diego.

Lessor: Shidler Group.

Leasing agents: Doug Work and Larry Jackel of CB Richard Ellis represented the lessor and Steve Rosetta and Alex Perry of Cushman & Wakefield represented the lessee.

Lessee/square footage: Honeywell International signed a five-year, $303,997 lease for 3,839 square feet of office space.

Property: 2525 Camino del Rio S., No. 350, San Diego.

Lessor: 2525 CDRS, LLC.

Leasing agents: Ken Kisbert of Colliers International represented the lessor and Jim Hughes and Zach Millrood of Equis Corp. represented the lessee.

Lessee/square footage: Jeanne Max & Associates signed an 86-month, $487,974 lease for 3,267 square feet of office space.

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