Ground leases sold
Photo courtesy of CBRE

Ground leases sold Photo courtesy of CBRE

Ground leases to three Sorrento Mesa land parcels have been sold for $41.5 million.

The property was sold by Stockbridge Capital Group, a real estate investment firm based in San Francisco.

The buyer was not disclosed.

The seller was represented by Louay Alsadek, Hunter Rowe, and Madison Mawby of CBRE.

The buyer was represented by Bob Safai of Madison Partners.

The first parcel is under three flex office building totaling 76,000 square-feet at 5744, 5754 and 5764 Pacific Center Boulevard.

The second parcel is under two data center buildings totaling 115,000 square-feet at 5732 and 5738 Pacific Center Boulevard.

The third parcel is a nearly one-acre piece of open space that is adjacent to the other two properties.