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Wednesday, Oct 9, 2024
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Real Estate & Construction



Real Estate Sales

Property: 38-acre lot located at Scranton and Barnes roads

Seller: Westbrook Partners

Selling agents: Phil Monroe and Adam Edwards of Burnham Real Estate Services, and Jay Borzi and Steve Silk of Secured Capital Corp. represented both the buyer and the seller.

Buyer/square footage: RREEF Funds purchased an 11-building lot for $130 million.

Property: 815 N. Mollison Ave., El Cajon

Seller: Chula Vista Oxford Center, LLC

Selling agents: Peter Scepanovic of Colliers International represented the buyer. Hal Weinberger of Harwin Enterprises represented the seller.

Buyer/square footage: Saranac Partnership, LP purchased a 32-unit apartment complex for $1.85 million.

Property: 4444 Zion Ave., San Diego

Seller: Terrence R. Caster, Trustee

Selling agents: Patrick Doyle of Doyle Investment Real Estate represented the buyer. Jack Duncan of Colliers International represented the seller.

Buyer/square footage: Nathaniel C. and Myra Berkowitz purchased a 6,600-square-foot office building for $860,000.

Property: 1125 W. Olive St., San Diego

Seller: LoansLive.com

Selling agents: Robert Bradwell of Black Mountain Realty represented the buyer. Bud Marsh of Colliers International represented the seller.

Buyer/square footage: Thymon Van Waveren purchased a 4,200-square-foot office building for $700,000.


Real Estate Leases

Property: 14110 and 14118 Stowe Drive, Poway

Lessor: Legacy Partners

Leasing agents: Shaun Burnett of Irving Hughes represented the lessee. Dennis Visser and Matt Kelly of BRE Commercial/NAI represented the lessor.

Lessee/square footage: QTRON, Inc. signed a 180-month, $40.02 million lease for 198,507 square feet of manufacturing space.

Property: 12770 High Bluff Drive, Suite 380, San Diego

Lessor: Square 24 Associates, LP

Leasing agents: Bill Cavanagh, Joe Anderson and Rick Reeder of BRE Commercial/NAI represented the lessee and the lessor.

Lessee/square footage: Cynthia R. Chihak signed a 60-month, $398,905 lease for 2,316 square feet of office space.

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