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| Teddy Leatherman |
CHICAGO, IL– JLL Capital Markets has closed the $12.7 million sale of 5505 Lindo Paseo, the .35-acre student housing redevelopment site located on the south border of campus at San Diego State University, one of the fastest-growing universities on the West Coast with enrollment over 34,000 students. JLL worked on behalf of the seller, Amplify Development Company and Blue Vista Capital Management. An affiliate of Champion Real Estate Company acquired the asset.
Currently serving as a fraternity house, the project is suitable for dense, vertical development. Situated at 5505 Lindo Paseo, the site is within 100 feet of campus, an eight-minute walk from SDSU Transit Center Green Light and the retail corridor on College Avenue, a four-minute walk from Vejas Arena and one block from sorority and fraternity row. Residents of this area are within a ten-minute walk of a sizable percentage of the university’s academic facilities, including the School of Exercise and Nutritional Sciences, the SDSU Medical Center, School of Theatre, Television and Film, School of Music and Dance, School of Nursing and the Department of Psychology. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. 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: JLL M +1 214 394 3356 |
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