homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

August 12, 2021

CBRE adds detail to $125M Eastgate sale

American Assets Trust, of San Diego, announced in May that it would pay $125 million for the 14-acre, four-building Eastgate Office Park. A Kennedy Wilson-related fund was the seller, and the deal closed in July. Now CBRE has announced its role in the deal. Its Tom Pehl, Charles Safley, Lou Senini, Paige Morgan, Todd Tydlaska, Chais Lowell, Brad Zampa and Michael Walker represented the seller. The 1980s-era campus has about 280,000 square feet. The deal as worth around $446 per square foot. CBRE says that amenities include a large conference room and boardroom, various gym and fitness amenities, a full-service cafe, an outdoor patio and a walking path to nearby retail, restaurants, parks and hotels. Pehl said in a statement, “Eastgate Office Park offers a premier location, best-in-class on-site amenities and a diverse tenant roster with thriving tech and professional services companies. The buyer will benefit from strong in-place cash flow with proven recent leasing activity supporting additional upside opportunity.”




Email or user name:
Password:
 
Forgot password? Click here.