Deal of the Week

August 5, 2014

August 8, 2014

August 12, 2014


SERCO in Kearny Mesa

The lessee in the Deal of the Week was represented by Randall Wood and Shawn Lorentzen, of JLL (NYSE: JLL).

The lessor was represented by Duncan Dodd, Bill Cavanagh and Mike Novkov, of Cassidy Turley.

The deal was a lease by SERCO Inc. of 28,535 square feet of Kearny Mesa office space in 120,000-square-foot Mesa View Plaza, 9350 Waxie Way, Suite 200 and 400, San Diego, from SCG Mesa View Plaza LLC. The property was leased for 69 months at $4.8 million.

A year ago, WiredRed Software leased 10,061 square feet for five years at $1,743,632.

In fall 2008, RepCo LLC leased 9,172 square feet for five years at approximately $1.3 million; and TDK Corp. of America, in mid-2006, leased 4,667 square feet for 87 months at $1.1 million.

In summer 2013, Mesa View Plaza was sold for $29.27 million. In spring 2006, the office complex was sold for $38.8 million. In late 2005, the property was sold for approximately $32.75 million. In summer 2004, the building was sold for a listed sales price of approximately $32.75 million. In March 2003, the property was sold for $29.27 million.

The property has been known as the Manchester Plaza and the Hibiscus Plaza.


August 5, 2014

August 8, 2014

August 12, 2014