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February 15, 2019
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Equinvests Capital Buys Two-Building Office Portfolio in San Diego’s Golden Triangle


Equinvests Capital has acquired Two and Five Governor Park, a two-building, Class A office portfolio located in San Diego. The buildings total 76k sf of space and are located at 6310 Greenwich Dr (Two Governor Park) and 5060 Shoreham Place (Five Governor Park), within San Diego’s Golden Triangle, just west of I-805.

Two and Five Governor Park, constructed in 1985 and 1989, were 94.8% occupied at the time of sale. They feature a diverse, high‐quality roster of national and regional tenants including UC San Diego, Kiran Analytics, Sun Life Financial and AccentCare.

The lack of new and pending construction of office product in the area, coupled with extreme barriers to entry, strong office market fundamentals, and outstanding surrounding demographics, all combine to significantly enhance the current and future value of the property.

The property’s Golden Triangle location places it in one of the most vibrant office and commercial markets in the Western U.S., home to a high concentration of major companies and institutions including UC San Diego / Scripps, Qualcomm, SAIC, General Atomics, the Salk Institute for Biological Studies, Pfizer, the San Diego Supercomputer Center, and many other leading technology, biotech and new media firms. Some of San Diego’s most affluent residential communities surround the Golden Triangle, including La Jolla, Del Mar and Rancho Santa Fe.

Bob Safai, Matt Case, and Brad Schlaak with Madison Partners brokered the transaction on behalf of the seller, Fowler Property Acquisitions. The price was not disclosed.

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