San Diego-based Cisterra Partners announced it finalized leases with its first two major tenants in its planned 306,700-square-foot DiamondView Tower in Downtown San Diego.
Cox Communications and Comerica Bank will occupy space in the 15-story office building just beyond Petco Park’s right field fence at 10th Avenue and J Street. The lease amounts were not disclosed, but asking rents average $3.47 per square foot according to Costar.
Cox will occupy two of the lower floors of the tower for the TV studios of Channel 4 San Diego, which broadcasts most Padres baseball games. The company’s advertising sales group, San Diego Interconnect, operated by Cox Media, will share the space.
Comerica has signed a lease for two midlevel floors at DiamondView Tower, where the bank will consolidate its San Diego regional banking services. It also secured space on the first floor for a relocated Downtown bank branch.
Cox was represented by Jim Hughes and Zach Millrood of Equis. Comerica was represented by David Crabb, Herb Hafter and Craig DeMiranda of Trammell Crow Co. Kraig Kristofferson and Nelson Ackerly and John Gross of CB Richard Ellis represented Cisterra.
Cisterra, a private real estate development and investment company, expects to break ground on the DiamondView Tower in the spring and expects to complete the project by January 2007.
DiamondView Tower received City Council approval in November. In December, Cisterra closed acquisition rights with the Padres for the site, and Prudential Real Estate Investors became a partner in the project.