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San Diego
Wednesday, Sep 28, 2022
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UTC Area Offices Go for $56 Million

CarrAmerica Realty Corp. has acquired Chancellor Park, a Class A office property at 4510 and 4520 Executive Drive in San Diego, from Crescent Real Estate Funding VIII LP for $56 million.

Completed in 1989, Chancellor Park consists of two four-story buildings, totaling 195,733 square feet, and a three-story parking structure. Tenants include Biocom, EMN8 and Reynolds & Reynolds.

The listing brokers were Lynn La Chapelle and Bob Prendergast of Burnham Real Estate Services in San Diego.

CarrAmerica owns, develops and operates office properties in 12 markets throughout the United States, and owns, directly or through joint ventures, interests in 60 office buildings containing 4 million square feet in Southern California.

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, Pat Broderick

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