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

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague

Related, Oxford Land Tenant For Top Floors Of 70 Hudson Yards

BXP Execs See Better Returns In Building Offices Than Buying Them

Downtown Office Tower Sells At Foreclosure Auction For $260M

Houston's Office Woes Are Getting Too Expensive To Fix

As The Future Of The Office Continues To Evolve, WeWork Is Bringing Clients A Tailored Workplace Solution

The 'Zombie' Building Mirage: How Owners Who Can't Transact Are Stirring The Market