Cassidy Turley San Diego Announces Recent Transactions - December 19, 2012

Published on December 19, 2012

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

Sales
A private investor purchased a 3,123-square-foot retail building at 1459 Garnet Avenue from Thomas E. Owens for $1.14 million. Danny Fitzgerald, Michael Burton and Pasquale Ioele of Cassidy Turley San Diego represented the seller in the transaction. The building was leased on a long-term basis to the 10-year-old Hoboken Pizza and Beer Joint. Rick Wu of Voit Real Estate Services represented the buyer.

PRPB Holdings purchased an 8,960-square-foot industrial building at 929 Rancheros Drive, in San Marcos, from Sage Family Trust and Lambert Family Trust for $851,200. Justin Beattie of Cassidy Turley San Diego represented the buyer in the transaction. Daniel Knoke of Colliers International represented the seller.

Corder Family Emeryville Properties, LP purchased a 5,170-square-foot office building at 2741 Alpine Blvd., in Alpine, from Tysma Family Trust for $850,000. Brian Jinings, CCIM of Cassidy Turley San Diego represented the seller in the transaction. The buyer’s representation was not disclosed.

Leases
VS Direct leased 2,800 square feet of retail space for 10 years, three months at the northeast corner of Dogwood Avenue and Danenberg Drive, suite 4, in El Centro, from RJFP, LLC c/o The Russ Group, Inc. for $734,999. Joe Yetter and Mike Clark of Cassidy Turley San Diego represented the lessor in the transaction. Jeff Straka of Bialow Real Estate and Retail Select Services represented the lessee.

Buffalo Exchange Ltd. leased 3,416 square feet of retail space for five years at 1079 Garnet Avenue from Ralph V. Patrick Family Trust for $622,152. Joe Yetter, Mike Clark and Brent Williams of Cassidy Turley San Diego represented the lessor in the transaction. The lessee’s representation was not disclosed.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 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 $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants 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. Cassidy Turley enhances its global service delivery outside of North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.

Cassidy Turley provides regional real estate services with local market leader Cassidy Turley San Diego. The company’s dominant market presence includes more than 160 professionals and staff in five local offices and recorded more than $1.2 billion in transactions in 2011. For more information about Cassidy Turley San Diego, please visit www.cassidyturley.com/sandiego or contact Dan Broderick, President and CEO of Cassidy Turley San Diego.

Lesley-Joann Kolb
858.625.5244

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