The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
November 17, 2018
 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
San Diego Creative Office Campus Gets New Owner in $20 Mil Deal

10/17/18

Crown Realty & Development paid $20.4 mil for The Oberlin, a three-building, 62.4k sf creative office campus in San Diego. The complex, located at 5889, 5893 and 5987 Oberlin Drive in the Sorrento Mesa area, was sold by Bixby Land Company.

The Oberlin is located just minutes from Interstates 805 and 5, providing immediate access to neighborhood communities. The property underwent a $6.9 mil renovation in 2016 and features maximum tenant flexibility and integration between indoor and outdoor spaces with fully furnished patios.

Bob Prendergast, Lynn LaChapelle, Sach Kirpalani and John Morrison with JLL represented the seller in the deal. Crown Realty & Development Inc, and its affiliate CPF Oberlin Associates LLC, was repped by an in-house team made up of Kreg Groat, Ann Vera, Mike Vaughan, Sr. and Nikkie Marion.

"Sorrento Mesa remains one of San Diego’s most desirable office markets due to its central location, strong tenant base and its focus on technology," said Prendergast. "The Oberlin provided Crown Realty & Development with the opportunity to acquire a modernized and fully repositioned property in a premier location with strong upside potential and an opportunity for stabilization."





Return to the Archive page


 


 


 
 
 





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 © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media