Deal of the Week

July 18, 2014

July 22, 2014

July 25, 2014


Torrey Reserve West sold

The Deal of the Week was the sale of Torrey Reserve West, the three-building, 118,000-square-foot campus at 3390, 3394 (photo) and 3398 Carmel Mountain Road, San Diego, for $39.15 million.

The buyer was CSHV Torrey Reserve West LLC, for the California State Teachers' Retirement System (CSTRS).

The seller was KBSII Torrey Reserve West LLC, a unit of KBS Real Estate Investment Trust II Inc.

The similarly sized, two-story buildings were completed in 2000 on 7.1 acres by American Assets.

In 2010, Torrey Reserve West was sold for approximately $27.3 million, consisting of $10.3 million in cash and assumption of a March 2001 lien originally for $19 million, with a then-outstanding balance of $17 million.


July 18, 2014

July 22, 2014

July 25, 2014