SAN DIEGO (October 4, 2010) – Cassidy Turley BRE Commercial, San Diego’s market leader in commercial real estate services, today announced that it facilitated an office condominium sale at Venture Sorrento Office Park in Sorrento Valley for $970,000.
Located at 11199 Sorrento Valley Road, unit 209 in Venture Sorrento Office Park totals 4,211 square feet and was sold to Molsoft, Inc. Molsoft, Inc. offers complete solutions customized for a biotechnology or pharmaceutical company in the areas of structure predictions, structural proteomics, bioinformatics, cheminformatics, molecular visualization and animation, and rational drug design. The company was founded in 1994 and moved from New Jersey to California in 1999. For more information, visit www.molsoft.com.
Venture Sorrento Office Park, formerly Venture Commerce Center, is located at 11189-11199 Sorrento Valley Road. The property offers small businesses the opportunity to own their office in the heart of San Diego’s financial, legal, medical, high-tech and life sciences submarkets, known as Del Mar Heights/Carmel Valley, Torrey Pines, Sorrento Mesa, and UTC. It is easily accessible from both Interstate 5 and Interstate 805 and is located across the street from the Sorrento station for the Coaster commuter train.
There are 14 separate units at Venture Sorrento Office Park, eight of which have been purchased. Available units range in size from 1,767 to 7,971 square feet and can be finished as either Class A offices or modern life science labs. All of the units are on the ground floor, have individual entrances and building signage rights, and look out over the adjacent Los Penasquitos Canyon Preserve. For more information, visit www.VentureSorrento.com.
Venture Sorrento Office Park is owned by PV Venture Sorrento, LLC, a subsidiary of PacVentures, Inc., a commercial real estate investment and development company based in San Diego, CA that focuses on acquisition and development of properties in the Southwestern United States. The firm currently has projects in California, Arizona, Texas, Colorado, Utah, and Oklahoma. For more information, visit www.pacventures.net
Phillip Linton of Cassidy Turley BRE Commercial is the listing broker for the project. The buyer was represented by Darren Morgan of Cushman & Wakefield.
For more information about units for sale or lease at Venture Sorrento Office Park, contact Linton at 858.546.5400.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with over 2,800 professionals in 60 offices nationwide. The firm completed transactions valued over $13 billion in 2009, manages over 420 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, corporate services, project leasing, property management, project and development services, and tenant representation. Outside of North America, Cassidy Turley partners with GVA Grimley, the founder and majority shareholder of GVA Worldwide. The firm recently ranked in the Top 10 on the Lipsey Co.’s Commercial Real Estate Top Brands Survey, and was ranked #1 by Real Estate Alert for Office Sales in 3 of the Top 6 Markets. Please visit www.cassidyturley.com for more information about the company.
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 over $800 million in transactions in 2009. For more information about Cassidy Turley BRE Commercial, please visit www.brecommercial.com.