Deal of the Week

April 14, 2015

April 17, 2015

April 21, 2015


San Diego HQ lease

Rusty Williams, Chris Roth and Kyle Carruthers, of Lee & Associates–North San Diego County, represented the lessee in the Deal of the Week.

The lessor was represented by Jones Lang LaSalle (NYSE: JLL).

The deal was a lease by Stephen Gould Corporation of 10,494 square feet of office space at 10905 Technology Place San Diego 92127, from CBM Global Inc.

The space, leased for 123 months at $1,933,256, will be the San Diego headquarters for an organization specializing in innovative design for industrial packaging.

The space is in One Technology Place, a 10-building, 152,730-square-foot campus at 1905-1949 Technology Place.

Last December, Technology Place Office Partners, a unit of Palo Alto-based Menlo Equities Associates, acquired the Rancho Bernardo property for $22 million.

The seller was AGP One Tech LP, a joint venture of San Diego-based Parallel Capital Partners and Angelo Gordon & Co.

Built in 1985, the campus recently underwent a $3 million renovation, converting from industrial to creative office space with open, interactive areas instead of traditional cubicles, said Matt Root, CEO of Parallel Capital.

“Our goal was to provide high-quality, functional space for technology-oriented companies,” Root said. “With this in mind, we completed significant interior and exterior improvements to all office and common areas, as well as installed improved signage and new landscaping.”


April 14, 2015

April 17, 2015

April 21, 2015