SALES
CPI Apartment Fund 10 LLC bought Scripps Poway Corporate Center, a 49k SF multitenant office building (13475 Danielson St) from Moxie Pacific for $7.3M. The building is 100% leased to both local and high-credit national firms, with Honeywell International as the anchor tenant. Colliers repped both sides: Tucker Hohenstein and Matt Zimsky for the seller, and Richard Lebert for the buyer.
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Western States Technologies bought a 37k SF industrial building in the Lusk Business Park, 10540 Heater Court in San Diego, from Moxie Partners LLC for $6.3M. Cassidy Turley's Bryce Aberg and Brant Aberg repped the seller.
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Cindy C. Kasai Separate Property Trust and Pai Ho Wey Separate Property Trust bought 1025 Fletcher Parkway, a 7,500 SF freestanding retail building in El Cajon, from Barsky Family LP. CoCo’s Bakery & Restaurant occupies the space with 9.5 years left on the lease. Colliers' John Wertz repped the buyers and Capital Real Estate Ventures' Justin Earley repped the seller.
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Skateoplex bought an R&D building containing just over 32k SF in Carlsbad (2283 Cosmos Ct) from Western State Technologies for $3.5M for a public ice rink. CBRE's Roger Carlson and Lannie Allee repped both sides.
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Harrison Properties bought the Pacific Surf Inn building, which contains nearly 16k SF on three-quarters of an acre at 1076 N Coast Highway 101 in Encinitas, from Gili Investments for just under $4.3M. Cassidy Turley repped both sides: Tim Winslow, Jason Kimmel, and Kevin Nolen for the seller, and Peter Curry for the buyer.
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Raintree Residential bought three acres in San Ysidro, 1975 Smythe Ave, for $820k. Lee & Associates' Lou Bulte repped the buyer, while Pacific Coast Commercial's Mack Langston and Icela Galaz-Wittkopp repped the seller.
LEASING
Equity Residential Management leased 3,000 SF of retail space, 1100 Garden View Rd in Encinitas, to Lena Sisson dba Lingua Natal for a language school. Pacific Coast Commercial's Martin Alfaro repped Equity.The tenant was repped by Berkshire Hathaway.
CONSTRUCTION
Pacific Building Group, Rodriguez Park Architecture and Planning, and Young + Co. Interior Design completed the 4,700k SF Emily Fenton Hunte Breast Care Center at Scripps Green Hospital in La Jolla. The project involved remodeling a portion of the hospital's third floor to create a patient-friendly environment. Previously, the outpatient unit was located on the first floor of the adjacent Anderson Outpatient Pavilion at Scripps Clinic Torrey Pines.
EXECUTIVE NEWS
Lee & Associates added Erik Faucett, Stephen Willmore and Karen Johnson as VPs in the San Diego office, and Daniel Knoke and Peter Merz as VPs in the San Diego North office.
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