Aventine Office Tower Sells For $150M

Boston-based Rockpoint Group has picked up Aventine for a cool $150M. Blackstone Group sold the 239k SF office building at 8910 University Center Lane, which includes 23k SF of retail with The Melting Pot and Fleming's Steakhouse. Anchored by CoStar Group's regional office, the 11-story Aventine office tower is more than 90% leased, reports the San Diego Business Journal. RiverRock Real Estate Group will continue to manage the property. The sale comes on the heels of the $118M Hyatt Regency La Jolla hotel sale inside the Aventine mixed-use project to Walton Street Capital and JMA Ventures. [SDBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Diego Newsletters
Related Stories

Law Firms Drive Boston Office Rents To Record Highs

3 Houston Office Properties, Vacant To Nearly Full, Change Hands

Deutsche Hypo Finances Zadelhoff's Amsterdam Offices With €75M Loan

SFF Realty Partners Extends Spending Spree With $82M Acquisition In Downtown San Jose

Drawbridge Realty Acquires 180K SF Office Building In Sunnyvale For $219M

Downtown Los Angeles Retail, Office Hub The Bloc Up For Sale

Distress Divide: How Private vs. Institutional Investors Are Thinking About D.C. Office

Interest Rate Hike Douses Outlook For Atlanta Developers

Chicago Office Deals Feature More Scrutiny, Added Tenant Protections

Tishman Speyer Retakes Chrysler Building, Plans $235M Renovation

Activist Investor Buys Stake In Empire State Building Owner

San Francisco Office Market Climbs, Fueling Demand For Large Blocks, Luxury Space