Cassidy Turley BRE Commercial Announces Recent Transactions - June 10, 2011

Published on June 10, 2011

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SAN DIEGO – Cassidy Turley BRE Commercial, San Diego’s market leader in commercial real estate services, today announced the following transactions:

Sales
Tinosa, LLC purchased a 5,155-square-foot industrial building at 6151 Progressive Drive, Suites A-300 and A-400, from Ascent-Biltmore Otay Mesa, LLC for $408,000. Regan Tully and Phil Linton of Cassidy Turley BRE Commercial represented both the seller and the buyer in the transaction.

Leases
Pickford Realty Ltd. dba Prudential California Realty leased 18,710 square feet of office space for seven years at 12544 High Bluff Drive, Suite 450, from ING Clarion Partners for $4.9 million. Tom van Betten, Andrew Sexton and Chris Banke of Cassidy Turley BRE Commercial represented the lessee in the transaction. Tony Russell of Jones Lang LaSalle represented the lessor.

Yada Wada, LLC dba Jersey Mike’s Subs leased 1,000 square feet of retail space for 10 years at 1070 North El Camino Real, Suite C, in Encinitas, from Encinitas Town Center Associates I, LLC for $354,750. Danny Fitzgerald and Michael Burton of Cassidy Turley BRE Commercial represented the lessee in the transaction. Brett Foy of Encinitas Town Center Associates I, LLC represented the lessor.

BizAuctions, Corp. leased 3,800 square feet of retail space for three years, two months at 4530 Camino de la Plaza, in San Ysidro, from FS San Ysidro, LLC for $338,268. Joe Yetter, Mike Clark and Brent Williams of Cassidy Turley BRE Commercial represented both the lessor and the lessee in the transaction.

HR Durby Corp. dba Gymboree leased 2,500 square feet of retail space for five years at 1020 Tierra del Rey, Suite C, in Chula Vista, from Tierra Corners, LLC c/o CW Clark for $273.193. Joe Yetter, Mike Clark and Brent Williams of Cassidy Turley BRE Commercial represented both the lessor and the lessee in the transaction.

Hillside Artisans Children’s Boutique leased 1,500 square feet of retail space for three years and one and a half months at 7874 Girard Avenue, in La Jolla, from Girard Investments for $234,000. Mike Slattery of Cassidy Turley BRE Commercial represented the lessor in the transaction. The lessee’s representation was undisclosed.

Pickford Realty Ltd. dba Prudential California Realty leased 1,200 square feet of retail space for three years at 11120 East Ocean Air Drive, Suite 103, from Sorrento Hills Marketplace 2, LLC for $160,821. Phil Lyons, CCIM, Bruce Schiff, CCIM, Chad Iafrate, CCIM, and Andrew Peterson of Cassidy Turley BRE Commercial represented the lessor in the transaction. Tom van Betten and Andrew Sexton of Cassidy Turley BRE Commercial represented the lessee.

Skin Care Heaven leased 893 square feet of retail space for five years at 937 South Coast Highway 101, Suite C-108, in Encinitas, from Cornerstone Property Management for $156,454. Phil Lyons, CCIM and Bruce Schiff, CCIM of Cassidy Turley BRE Commercial represented the lessor in the transaction. Justin Halenza and Josh Bernstein of Cassidy Turley BRE Commercial represented the lessee.

Visto Corp. dba Good Technology leased 2,908 square feet of office space for three years at 11855 Sorrento Valley Road, Suite 55-E, from RJ Sorrento Terrace Investors for $134,785. Brett Ward and Lindsey Smith of Cassidy Turley BRE Commercial represented the lessor in the transaction. David Marino of Hughes Marino represented the lessee.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with 3,000 professionals in 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $17 billion in 2010, manages 430 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.

Cassidy Turley provides regional real estate services with local San Diego market leader Cassidy Turley BRE Commercial. The company’s dominant market presence includes more than 160 professionals and staff in five local offices and recorded nearly $1.2 billion in transactions in 2010. For more information about Cassidy Turley BRE Commercial, please visit www.brecommercial.com.

Lesley-Joann Kolb

858.625.5244

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