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| Santa Fe Depot Building, 1050 Kettner Boulevard, San 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.”
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| 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.
For more information on this press release, please
contact:
Katie Clendening/Jenn
Quader
Brower, Miller & Cole
(949) 955-7940
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