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11/11/16
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Swift Real Estate Partners has purchased the San Diego HP Campus, an eight-building, 782.2k sf office/R&D campus in San Diego’s Rancho Bernardo area. Located at 16399 West Bernardo Dr, the campus includes seven office/R&D buildings and one Class A office building totaling on 67.5 acres.
HP Inc. has owned and occupied the campus since the first building was constructed in 1970. The company will lease back 79 percent of the campus. The transaction value was not given out.
Louay Alsadek, Alex Somerville, Hunter Rowe and Brad Black of CBRE represented the seller, HP Inc. Swift Real Estate Partners represented itself.
“The HP San Diego Campus is a rare investment opportunity,” Alsadek said. “There are very few properties of this size and scope in San Diego County, which resulted in significant interest from institutional buyers across the country.”
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