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6/25/14
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A 52.3k sf office building in Kearny Mesa sold for $9.64 mil, or about $184/sf. The two-story, Class building is located at 9680 Granite Ridge Dr, south of Aero Dr and west of I-15, within the StoneCrest office complex.
Tim Cowden, Jay Arnett, and David Kim of Colliers International represented the buyer, KNSD Granite Ridge LLC an entity of NBC 7 San Diego, a NBC Universal-owned television station. Brad Black and Mike Hoeck of CBRE repped the seller, T-C Stonecrest LLC.
The buyer plans to operate the space as the new television studio and administrative offices for NBC7 San Diego. NBC 7 will occupy the space upon completion of major improvements in 2015.
“Evolving media technologies, a need for a larger studio, and today’s favorable cost of funds made it advantageous for NBC 7 San Diego to purchase their own building,” said Cowden.
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