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Insurance Company Signs $30-Mil Ballpark Office Deal

SAN DIEGO-The San Diego Padres have signed a big-ticket player to a

By Randyl J. Drummer | Updated on March 22, 2001

SAN DIEGO-Details are emerging about the first major signing of an office tenant by the San Diego Padres. Arrowhead General Insurance Agency has signed a 10-year, $30-million lease with the Padres’ real estate development arm, Downtown Development Inc.

Arrowhead will occupy 75,400 sf as the inaugural tenant of East VillageSquare, an office, retail and entertainment development. East Village will frame the Park at the Park and provide views directly into the ballpark. Hines, the international real estate development and management firm, is serving as development manager for the project, and Burnham Real Estate Services/ONCOR International is the exclusive leasing agent.

Padres officials call the signing “a major step forward” for the ballpark and surrounding commercial district.

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