Sep
21
San Diego Office Property Gets New Owner After 60 Years
ByKennedy Wilson represented the seller of the leasehold interest in the property and the buyer of the fee interest in the land. The Little Italy asset traded hands for the first time in 63 years.
Kennedy Wilson negotiated a two-part sale of the ground lease and underlying fee interest in land for a property in the Little Italy submarket of San Diego. Ocean West Capital Partners in partnership with DivcoWest acquired the 123,000-square-foot, seven-story office building and is under contract to purchase the land in the off-market deal. This is DivcoWest’s second purchase of an office building in San Diego this month.
Fred Cordova, executive vice president of brokerage at Kennedy Wilson, worked on behalf of the seller of the leasehold interest in the property and the buyer of the fee interest in the land…
