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2/10/15
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The State of California purchased a five-acre land site in Kearny Mesa for $10.82 mil. The State plans to construct a California Highway Patrol office on the site, located at the corner of Kearny Villa Rd and Ruffin Rd.
The land was sold by the Cook Inlet Regional Indians (CIRI) of Alaska, who had owned the site since acquiring it in a U.S. Government auction in 1989 when Highway 52 bisected the Miramar Base. The CIRI tribe had been working since 2006 to entitle the property for the development of a 175k sf office tower.
They were repped in the this sale by Randy LaChance, Senior Vice President, SIOR; Glen Volk, Senior Vice President, SIOR; and Paul Brown, Vice President; in Voit Real Estate Services’ San Diego office. The State of California represented itself.
“The proposed office development was understandably stalled during the Great Recession, and the entitlement process resumed in 2013,” explains LaChance. “The opportunity to sell the land to the State of California emerged as a better solution for our client, and we were able to complete the sale quickly and seamlessly.”
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