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4/26/18
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Manchester Financial Group has secured a $44.75 mil refi loan on its Manchester Financial Centre, a 160k sf, office property in San Diego.
Originally built in1965, the storied 12-story building is located at 2550 Fifth Ave, in the city’s Bankers Hill submarket. The building houses Bertrand at Mister A’s fine dining restaurant and is the headquarters for Manchester Financial Group. Amenities include a fitness center, on-site coffee shop, valet parking, storage and bike racks.
The new 10-year, fixed-rate loan was arranged by Mark McGovern, Scott Peterson and Brian Cruz of CBRE’s San Diego office.
“Since acquisition, Manchester has instituted a capital expense program to continuously upgrade the property including a new and upgraded façade and entrance, new lobby finishes and places to gather, and new creative tenant buildouts for prospective companies,” said Mr. McGovern. “The building successfully competes with other local and downtown projects due to its unobstructed views of the bay, higher parking count and convenient access to downtown San Diego.
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