Saturday, October 21, 2017

Voit Real Estate Services Directs First Sale of Iconic 102-Year-Old San Diego, CA Landmark


Santa Fe Depot Building, 1050 Kettner BoulevardSan Diego, CA

San Diego, CA– Voit Real Estate Services successfully completed the first-ever sale of the historic Santa Fe Depot building in San Diego, California - a local landmark built in 1915 and home to Amtrak’s San Diego Union Station since 1920.

Kipp Gstettenbauer and Ryan King of Voit’s Private Client Group represented the seller, Prologis, Inc. and the buyer, Santa Fe Depot, LLC.

“This building is one of the most historically important assets in all of San Diego,” says Gstettenbauer, a Senior Vice President in Voit’s San Diego office.  “The sale is significant to the San Diego community, and represents the seller’s deep commitment to preserving this landmark asset.”

Ryan King (left) and Kipp  Gstettenbauer  

The seller, Prologis, owned the asset by way of a series of mergers of firms dating back to the original Santa Fe Railway company, Gstettenbauer explained, making this the first actual sale of the property to a new owner.

As a world leader in real estate with more than $72 billion in assets under management, Prologis recognized the need to entrust this sale to a local team with deep relationships in order to find the right buyer for the asset.

The Voit Private Client Group team marketed the Santa Fe Depot property widely and garnered multiple strong offers from around the globe. However, the process of choosing a buyer was extremely selective, according to Gstettenbauer.

More information on Voit’s Private Client Group is available at www.voitpcg.com.

For more information on this press release, please contact:

Katie Clendening/Jenn Quader
Brower, Miller & Cole
(949) 955-7940


 


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