Cassidy Turley BRE Commercial, San Diego’s market leader in commercial real estate services, today announced that the Thomas Jefferson School of Law will vacate its Old Town home of more than 15 years at the end of this year to move downtown.
The Interstate 5 campus, located at 2121 San Diego Avenue, was purchased in the spring of 2008 by PacVentures, Inc. The company then leased it back to the university for three years.
The three-building campus consists of a 45,000-square-foot three-story corporate headquarters building overlooking the freeway. Additional property features include an underground parking structure, a 20,000-square-foot atrium courtyard office building and an 8,000-square-foot office building, each on separate lots.
The three office buildings are currently being offered for lease or sale and will be completely refurbished inside and out, according to PacVentures’ president Andrew Kaplan. “This campus is one of the most recognizable in San Diego due to its freeway visibility, with more than 200,000 cars passing by on a daily basis. The buildings will attract high profile users benefiting from the freeway exposure and enjoying the spectacular views of the San Diego Bay and downtown. The property also has superb access to all of the amenities that Old Town offers,” added Kaplan.
PacVentures, Inc. has already received a large amount of interest in the property and expects to negotiate lease or sale agreements before the law school relocates.
Cassidy Turley BRE Commercial brokers Dave Odmark and Jack Kruger are handling the marketing of the property for PacVentures, Inc.
For more information about available lease or sale opportunities, please contact Dave Odmark 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. Instantly, Cassidy Turley is now one of the nation’s largest, full-service commercial real estate firms, with $13 billion in annual transactions, 420 million square feet of managed space in 58 locations, 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.