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Deal of the Week - Sale

Portfolio sale for $113M

Brokers from DTZ (formerly Cassidy Turley) represented the seller in the Deal of the Week.

The buyer represented itself. The deal was the sale of a seven-building portfolio of office buildings in San Diego County for $113 million.

The properties were acquired in three transactions by Brookwood CBI LLC and Brookwood CB II LLC, entities of Beverly, Mass.-based Brookwood Financial Partners LLC.

The seller was Carlsbad-based developer Newport National Corp.

The portfolio totals 484,573 square feet of multi-tenant space and includes 95,446-square-foot Civic View Corporate Center in San Marcos, and two Carlsbad properties; the 219,162-square-foot Ventana Real on Salk Avenue and 219,162-square-foot The Campus on La Place Court (photo). The San Marcos transaction included a ground lease from the city of San Marcos.

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