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11/06/19
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SENTRE purchased West Bernardo Corporate Center, a 60.3k sf office building in Rancho Bernardo. Located at 15822 Bernardo Center Dr, the freestanding building was originally built in 1985 and underwent a significant renovation in 2018.
West Bernardo Corporate Center is 82% leased to a diverse tenant roster consisting of companies in the technology, design and construction, and food and beverage industries. The office campus features floor-to-ceiling window lines and 227 parking spaces.
The building is located in the Rancho Bernardo submarket, one of San Diego’s top corporate research markets and innovation hubs. Within walking distance of West Bernardo Corporate Center are 15 restaurants and shops at High Country Plaza. The property is surrounded by executive and workforce housing, as well as nationally ranked schools.
CBRE’s Louay Alsadek and Hunter Rowe represented the institutional seller in the transaction. SENTRE represented itself as the buyer. The price was not disclosed.
Jay Alexander and Tim Olson with JLL will retain the leasing of the project. Scott Peterson, Bill Chiles, Morgon Fraser and Brian Cruz of CBRE arranged financing for the transaction.
“West Bernardo Corporate Center is well-positioned to appeal to San Diego’s diverse tenant base and thriving technology companies that require both executive offices and R&D space,” said Alsadek. “Unlike other commodity office buildings, this property features collaborative designs throughout and outdoor common spaces that promote interactions and quality of work life.” SENTRE’s immediate plans for the building include an overall rebrand of the property, enhanced signage and an art installation, drought-tolerant landscaping and creation of outdoor patio spaces for each tenant.
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