The Deal of the Week was the sale of the 62,814-square-foot Morena Business Park, a three-building flex industrial park on 6.26 acres at 2620, 2640 and 2645 Financial Court, San Diego, for $9.25 million.
The buyers were MORENA III LLC (70 percent) and SR18 Morena Business Center LLC (30 percent). Pacifica Real Estate III LLC is the member of MORENA III, and Steven C. Leonard is the manager of Pacifica. The managers of SR18 are Adam S. Robinson and Charles J. Stos II.
The acquisition was financed with a loan of $6 million from RGA Reinsurance Co.
The financing was arranged by HHF (NYSE: HFF), which placed the fixed-rate, nonrecourse loan.
The HFF team representing the buyer, SR Commercial, was led by Director Zach Koucos and Senior Managing Director Aldon Cole.
The sellers of the property (assessor's parcels 359-820-15, 23 and 24) were Trust A and Trust D of the Feher Family Trust. Marta Feher is trustee of Trust A, while Thomas P. Feher is trustee of Trust D.