Friday, April 29, 2022

Northridge Summit Office Building in San Diego, CA trades for $76 Million

 

 Lynn LaChapelle

SAN DIEGO, CA  JLL Capital Markets has closed the $76.1 million sale of Northridge Summit, a Class A, single tenant office building totaling approximately 130,000 square feet in San Diego, California.

 

JLL marketed the property on behalf of the seller, Davlyn Investments. The asset was purchased by

DivcoWest.

 

The JLL Capital Markets team representing the seller was led by Managing Directors Nick Psyllos and Lynn LaChapelle and Associate Kurt Luedtke.

 

Northridge Summit is located at 12220 Scripps Summit Dr., in the Scripps Poway Parkway submarket along the I-15 Corridor of San Diego.

 

Nick Psyllos 

The I-15 Corridor is home to many of San Diego’s technology and corporate headquarters.


Additionally, the submarket is adjacent to the STEM worker housing communities of choice, including Carmel Valley and Rancho Bernardo.

 

Northridge Summit features highly desirable 43,000-square-foot rectangular floorplates, one level of below grade parking, charging stations and a lush exterior courtyard. Northridge Summit is 100% leased to an AA+ rated technology company.

 

Kurt Luedtke

The property is highly visible from the I-15 freeway and is proximate to numerous shops located within the Scripps Ranch Marketplace.

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.


Northridge Summit Office Building,
 12220 Scripps Summit Drive, 
 Scripps Poway Parkway submarket
 along the I-15 Corridor of San Diego.


The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources on JLL, please visit our newsroom.

 

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

 

CONTACT:

 

 Cierra Lacasse

JLL Associate, Public Relations

Phone: +1 602 648 8701

Email:  Cierra Lacasse@am.jll.com

 

jll.com.

www.divcowest.com

 

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