Leasing Notes are updated twice weekly and are now available in a fully searchable database format at www.sddt.com/databases/leasingnotes/.
Office: Alvarado Pacific Insurance has leased 7,169 square feet of office space in the 125,000-square-foot Allied Plaza at 7777 Alvarado Road, La Mesa 91941, from Allied Office Plaza-SPE LLC. The property was leased for 62 months at $891,252.
The lessee was represented by Glenn Friedrich, of Cresa San Diego. The lessor was represented by Kipp Gstettenbauer and Kyle Clark, of Cushman & Wakefield.
Alvarado Pacific in mid-2009 signed a lease for 4,239 square feet for 63 months at $501,283.
Other tenants in the seven-story building, La Mesa's tallest, are Financial Security Solutions Corp. with 825 square feet earlier this year, for 36 months at $57,176; Ticor Title Company of California in mid-2013, with 1,159 square feet for 36 months at $59,340; Brian D. Hoyt in fall 2011, with 671 square feet for 40 months at $48,922, for a CPA office; and William H. Green in summer 2011, with 1,180 square feet for 60 months at $123,359 for an accounting office.
On-site amenities at Allied Plaza include management, deli, coffee shop, full-service bank with ATM, two conference rooms, picnic area, building engineer and security.
The lessee was represented by Matt Shope, of CBRE (NYSE: CBG). The lessor was represented by Kipp Gstettenbauer and Kyle Clark, of Cushman & Wakefield.
Another tenant in the center is Neighborhood National Bank, reported this week with a renewal on 7,498 square feet for 60 months at $883,735.
Other recent tenants in the 50,825-square-foot neighborhood center include:
Virtual Tax Solutions earlier this year with 800 square feet of retail space in the neighborhood center for 36 months at $44,928; Reiyukai America Inc. in mid-2013, with 694 square feet for 12 months at $9,993; and the San Diego County Superintendent of Schools in mid-2012, with 3,200 square feet for 60 months at $228,785.
The shopping center was represented by Gstettenbauer and Clark in all transactions.
The lessee was represented by Dan McCarthy and Travis Ives, of Cushman & Wakefield. The lessor was represented by Jeremy Dentt, of DG Realty Investments LP.