Deal of the Week

September 16, 2014

September 23, 2014

September 26, 2014


SD Tech Center sale

Eastdil Secured and JLL (NYSE: JLL) represented the buyer and seller of the Deal of the Week

The deal was the sale of the nine-building, 655,643-square-foot San Diego Tech Center and an adjacent 38 acres in Sorrento Mesa for $256.5 million. The land is entitled to an additional 1.2 million square feet of office/industrial development.

The buyer was Houston-based Lionstone Investments on behalf of a group of institutional investors. Its operating partner is Locale Advisors, with San Diego investor Phil Monroe as principal.

The seller was Beacon Capital Partners, which had paid $152.5 million for the property in April 2012.

Jay Alexander, Chad Urie and Tim Olson of JLL will continue to handle leasing for the property.


September 16, 2014

September 23, 2014

September 26, 2014