The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
September 23, 2017
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Former Post Office Property in Point Loma Sells for $40 Mil

5/19/17

A 16-acre coastal site in the Point Loma/ Midway area of San Diego has sold for $40.05 mil. The property, bounded by Barnett Ave and Midway Dr, previously served as a post office distribution facility for the City of San Diego.

An urban masterplan is being developed for the property, located at 2535 Midway Dr, at the gateway to the greater Point Loma area and within a short walk to the vibrant Liberty Station. A new $325 mil mixed-use development, tentatively called “The Point,” will greatly enhance this unusually large coastal real estate site.

The buyer of the property is a joint venture whose managing member is an affiliate of San Diego- based real estate developer Hammer Ventures. The seller was Rexford Industrial Realty LP.

Tim Winslow, Jason Kimmel and Kevin Nolen with Cushman & Wakefield represented the buyer in the transaction. Since its inception in 2000, Hammer Ventures has developed a portfolio valued in excess of $1.5 bil.








Return to the Archive page


 
Advertisement

 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2017 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media