Leasing Notes are updated twice weekly and are now available in a fully searchable database format at www.sddt.com/databases/leasingnotes/.
Office: Thunder Seo has leased 5,800 square feet of office space in the 23,000-square-foot office building at 6863 Friars Road, San Diego 92108, from Destiny Real Estate LLC. The property was leased for 64 months at $581,410.
The lessee was represented by Jill Morton of Capital Growth Properties Inc. The lessor was represented by Kipp Gstettenbauer and Ryan King, of Cushman & Wakefield.
The two-story office building is across the road from the Fashion Valley Mall, and was sold for $2.8 million in mid-2011.
The buyer, Destiny, is owned by Marwaha Group, a multi-unit franchisee and development agent with Subway, whose members are Ravinder Marwaha, Raghu Marwaha and Rohit Marwaha.
At the time of the 2011 acquisition, the ownership said it intended to remodel the building and move its San Diego Subway Development offices to the second floor and lease the ground floor. The building has 65 parking spaces in two subterranean levels.
The building was constructed in 1980 by Income Property Group for the advertising firm Phillips-Ramsey.
The lessee was represented by Kent Moore, of Cassidy Turley. The lessor was represented by Ron King and Bob Willingham, of Cushman & Wakefield.
The one-story building was constructed in 1990 on a 0.85-acre lot.
In mid-2003, Coral Biotechnology leased the property for 62 months at $576,379, for general sales and distribution for a biotech company.
The property, leased for 36 months at $135,100, will be used for a special events center.
The lessee was represented by Martin F. Alfaro, of Pacific Coast Commercial. The lessor was represented by Homefinders Realty.
The one-story, 4,512-square-foot building at 3821-3825 32nd St. was built in 1974.
The lessee was represented by AE Commercial Real Estate. The lessor was represented by Kipp Gstettenbauer, of Cushman & Wakefield.
The lessee was represented by Derek Applbaum, of Colliers International. The lessor was represented by Kipp Gstettenbauer, of Cushman & Wakefield.