|
|
1/20/15
|
TIAA-CREF has acquired Copley Corporate Center, a three-story, 120.5k sf Class A office building in San Diego’s Kearny Mesa area. Located at 5855 Copley Dr, east of I-805 and south of Hwy 52, the property is 100% leased to Rady Children’s Hospital, UCSD/UC Regents and Kaiser Permanente.
Built in 2001 on 5.3 acres, Copley Corporate Center sits on a prominent bluff overlooking Interstate 805 and State Route 52. It features a four-story, 585-space parking garage that helps create a 7.0:1,000 parking ratio.
Louay Alsadek, Kevin Shannon, Rob Merkin, Brad Black and Hunter Rowe of CBRE represented the seller, Colony Realty Partners. The price was not disclosed.
“Copley Corporate Center was well received by potential buyers due to the project’s excellent tenant roster and above market parking ratio,” Alsadek said. “Over the last 10 years, the building has maintained historical occupancy that has exceeded the market.”
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
