Wednesday, April 27, 2016

HFF closes sale of downtown San Diego, CA Class A office tower

610 West Ash Office Tower, Little Italy Neighborhood, San Diego, CA

Nick Psyllos
SAN DIEGO, CA -- Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 610 West Ash, a 19-story, 177,489-square-foot, Class A office tower in San Diego’s Little Italy neighborhood.

HFF marketed the property on behalf of the seller.  A partnership between Gemini Rosemont and Central Properties purchased the asset for an undisclosed amount.

610 West Ash is located in San Diego’s Little Italy neighborhood, which is an urban mixed-use community within the downtown submarket.  

The property is the only Class A high-rise office building in Little Italy and is 98 percent leased to tenants including ESET, Department of Homeland Security and the Environmental Protection Agency.  610 West Ash also features a nine-level, 397-space parking garage.  

The HFF investment sales team representing the seller was led by senior managing directors Nick Psyllos, Ryan Gallagher and Michael Leggett, who is also co-head of HFF’s West Coast team, and director Nick Frasco.

Since October 2010, Gemini Rosemont has acquired approximately 6.8 million square feet of Class A and B multi-building office assets in select secondary markets valued at more than $950 million. As of December 2015, Gemini Rosemont has sponsored 165 investment vehicles, deployed over $805 million of investor equity to make more than $2.5 billion in purchases, and acquired/managed approximately 30 million square feet of commercial real estate.
 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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