 |
| Del Mar Corporate Plaza, Del Mar Heights, San Diego, CA |
SAN DIEGO, CA –– HFF Holliday
Fenoglio Fowler, L.P. (HFF) announces $19.5 million in financing for Del Mar
Corporate Plaza, two newly renovated office buildings totaling 73,562
square feet in San Diego, California.
The HFF team worked on behalf of
the borrower, EverWest Real Estate Partners, to secure the 10-year, 4.54
percent, fixed-rate acquisition loan through a correspondent life insurance
company.
 |
| Chris Collins |
Del Mar Corporate Plaza is located
at 12651 and 12671 High Bluff Drive in Del Mar Heights, which is
considered by many to be Southern California’s premier coastal business and
residential community.
The property is
within walking distance of the retail and dining amenities at the new One Paseo
mixed-use development and is close to Carmel Country Plaza and Del Mar
Highlands Town Center.
Additionally, the
asset is within close proximity to local freeways, including Interstates 5 and
805 as well as the Solana Beach and Sorrento Valley Coaster Stations, providing
connectivity to the surrounding area.
Renovated in 2017,
the Class A creative office buildings feature small floorplates, a newly
renovated fitness center with showers and locker rooms, outdoor patios, a
two-story atrium lobby and updated common areas. Del Mar Corporate Plaza
is 79 percent leased to tenants, including HomeStreet Bank and Cirius
Therapeutics.
The HFF debt placement team
representing the borrower included director Chris Collins.
Holliday GP Corp. ("HFF") is a real estate broker licensed
with the California Department of Real Estate, License Number 01385740.
CONTACTS:
CHRIS COLLINS
CA Lic. #01927590
HFF Director
(858) 552-7690
No comments:
Post a Comment