Newport Beach-based investment firm Peregrine Realty Partners has purchased the Chesapeake Park Plaza office building in Kearny Mesa for $14.5 million. The seller was CW Capital Asset Management LLC of Bethesda, Md., according to CoStar Group.
In its own statement, Peregrine Realty said the four-story building, at 9665 Chesapeake Drive, is 80 percent leased. It is the eleventh Southern California property purchased by Peregrine in the past 24 months, during which the company made $150 million in acquisitions.
The property has a total of 93,303 square feet of space and was built in 1987, according to CoStar Group.
— SDBJ Staff Report