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Monday, Jan 30, 2023
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Progress Report



SALES

Property: 463 N. Midway, Escondido.

Seller: Magnuson Family Trust.

Selling agents: Jeff Bols of JD Bols & Associates represented the buyer and Jeff Abramson of Grubb & Ellis represented the seller.

Buyer/square footage: KNCK Broadway, LLC purchased an office building for $5 million.

Property: 708 Fourth St., Encinitas.

Seller: Mohsen Kazemaini.

Selling agents: Michael Citrin of Coldwell Banker represented the buyer and Trenton Bonner, Mike Slattery and Darik Bonner of Grubb & Ellis represented the seller.

Buyer/square footage: Alta Design Development purchased 12 units for $5 million.

Property: 687 Anita St., Chula Vista.

Seller: Pagano Family Trust.

Selling agents: Allen Evans of CB Richard Ellis represented the buyer and Chris Holder of Burnham Real Estate represented the seller.

Buyer/square footage: David and Elaine Jacobs purchased a 23,500-square-foot industrial building for $2.4 million.

Property: 350 E Washington Ave., Escondido.

Seller: Osborne Family Trust.

Selling agents: Jeff Gabele and Chris Zorbas of Marcus & Millichap represented the buyer and seller.

Buyer/square footage: Randy Williams purchased a 10-unit apartment property for $1.3 million.

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Property: 5040-46 Woodyard Ave., La Mesa.

Seller: William R. Hunsucker.

Selling agents: Ricardo Moran of Americas Real Estate represented the buyer and Chuck Hoffman of ACI Commercial represented the seller.

Buyer/square footage: Andres and Maria Hernandez and Marino Escobedo Ortega purchased a three-unit apartment property for $750,000.


LEASES

Property: 10182 Telesis Court, fourth, fifth and sixth floors, San Diego.

Lessor: Shidler Group.

Leasing agents: Shidler Group represented the lessor and David Marino of Irving Hughes represented the lessee.

Lessee/square footage: Webside Story, Inc. signed a six-year, $11.4 million lease for 61,211 square feet of office space.

Property: 7140 Opportunity Road, San Diego.

Lessor: La Mesa RV Center.

Leasing agents: Joe Balla, Robert Murray and Eric Myers of Retail Properties Group, Inc. represented the lessor and lessee.

Lessee/square footage: Clark Security Products signed a 65-month, $2.6 million lease for 48,522 square feet of industrial space.

Property: 428 C St., San Diego.

Lessor: 428 C Co., LLC.

Leasing agents: Bill Shrader and Corinna Gattasso of Burnham Real Estate represented the lessor and Nancy Johnston of Epsteen & Associates represented the lessee.

Lessee/square footage: Ross Stores Inc., dba Ross Dress for Less, signed a 10-year, $5.3 million lease for 27,500 square feet of retail space.

Property: 10875 Rancho Bernardo Road, No. 200, San Diego.

Lessor: Bernardo Gateway Partners.

Leasing agents: Eric Vann and Barry Mahlberg of Burnham Real Estate represented the lessor and Bob Rodowald of James Crone & Associates represented the lessee.

Lessee/square footage: GeoSyntec Consultants Inc. signed a 65-month, $1.6 million lease for 13,739 square feet of office space.

Property: 4370 La Jolla Village Drive, No. 200, San Diego.

Lessor: Equity Office Properties.

Leasing agents: Bess Wakeman of Equity Office Properties represented the lessor and Mike Labelle and T.D. Rolf of Cushman & Wakefield represented the lessee.

Lessee/square footage: Access Communications, Inc. signed a four-year, $1.6 million lease for 10,479 square feet of office space.

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