Voit Real Estate Services Completes Five-Acre Land Sale for Development of California Highway Patrol Office in San Diego, CA Market

Randy LaChance

San Diego, CA (Feb. 9, 2015) - The San Diego office of Voit Real Estate Services has completed the $10.819 million sale of a five-acre land site in the Kearny Mesa submarket of San Diego, California on behalf of its client, the Cook Inlet Regional Indians (CIRI) of Alaska.

The property was purchased by the State of California, which plans to construct a California Highway Patrol office on the site, according to Randy LaChance, Senior Vice President, SIOR in Voit Real Estate Services’ San Diego office.

“The Voit team identified the opportunity for our client upon learning that the State of California was searching for a new Highway Patrol site in central San Diego County,” says LaChance.

“We were successful in presenting this opportunity and facilitating a sale that benefitted both parties.” 

 LaChance notes the land is located on the corner of Kearny Villa Road and Ruffin Road.  “We knew this vacant site is well-positioned for new development based on its size and proximity to the I-15 freeway,” he says.

Voit represented the seller, 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.

According to LaChance, the CIRI tribe had been working with the Voit team and a local development company since 2006 in an effort to entitle the property for the development of a 175,000 square foot office tower. 

“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.”

Voit Real Estate Services’ Randy LaChance, Senior Vice President, SIOR; Glen Volk, Senior Vice President, SIOR; and Paul Brown, Vice President represented the Cook Inlet Regional Indians as the seller in the transaction.  The State of California represented itself as the buyer.

 For a complete copy of the company’s news release, please contact:

  Jenn Quader / Amanda Brenner

  Brower, Miller & Cole

  (949) 955-7940

  Abrenner@browermillercole.com