SAN DIEGO (July 23, 2010) – Cassidy Turley BRE Commercial, San Diego’s market leader in commercial real estate services, today announced that it facilitated a flex condominium sale at Venture Sorrento Office Park in Sorrento Valley for $998,400.
Located at 11199 Sorrento Valley Road, unit 206 in Venture Sorrento Office Park totals 4,992 square feet and was sold to Chembridge Corporation. Chembridge Corporation is a privately held, U.S. company founded in Chicago and headquartered in San Diego since 1997. The company has grown to over 270 employees worldwide, covering chemistry, biology, project management, logistics, business development, sales & marketing and administration. Chembridge Corporation offers a broad portfolio of efficient and cost-effective enabling chemistry solutions for drug discovery organizations. For more information, visit www.chembridge.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, six of which have been purchased and two that are currently in escrow. 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. Asking prices have recently been reduced and buyer interest is vigorous. 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 and represented both the buyer and the seller in the sale.
For more information about units for sale or lease at Venture Sorrento Office Park, contact Linton at 858.546.5400.
About Cassidy Turley BRE Commercial
Committed to remaining private and focused on the needs of clients, BRE Commercial has partnered with a group of market-leading private firms across the nation as founding fathers of a new company, Cassidy Turley. Cassidy Turley is one of the nation’s leading full-service commercial real estate firms, with $13 billion in annual transactions, 420 million square feet of managed space, 58 offices, 19 national markets and more than 25,000 Corporate Services locations.
Cassidy Turley BRE Commercial offers end-to-end services in all phases of commercial real estate transactions including leasing, investment sales, market research analysis, tenant advisory services, debt and equity placement, financial analysis and property management. The company serves all commercial property types including industrial, investment, office, life sciences, medical, retail, multi-family, restaurant/fast food, self-storage, senior housing and undeveloped land throughout San Diego County and Southern California. For more information about Cassidy Turley BRE Commercial, please visit www.brecommercial.com.