SAN DIEGO – Cassidy Turley San Diego, the region’s market leader in commercial real estate services, today announced that it facilitated the $4 million sale of the 59,760-square-foot industrial building located at 8709 Kerns Street in Otay Mesa. The company also arranged a $3.6 million loan for the property.
Greg Kelly and Bob Mooney of Cassidy Turley represented the buyer, Johnson Properties, LLC, in the sale transaction. Shane Harmon of Colliers International represented the seller, BIT Holdings Seventy, Inc. Gary Goss, also with Cassidy Turley, arranged the SBA 504 loan through Plaza Bank.
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.