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Miramar Office Building Fetches $10 Mil

SAN DIEGO-An investment group set up by real estate companies in Orange County and New York has bought Trade Street Plaza. The transaction marks the fifth office the company has acquired here in two years.

By Randyl J. Drummer | Updated on July 16, 2001

SAN DIEGO-Trade Street Plaza, a 102,673-sf office building in Miramar has been bought by an investment group set up by real estate companies in Orange County and New York.

Trade Street Plaza Associates Delaware LLC, an investment venture between Laguna Niguel-based Birtcher Properties and an affiliate of New York-based Praedium Group LP, bought the three-story structure from HG Fenton Co. for $10.1 million.

Randy LaChance and Chris Loughridge of Voit Commercial Brokerage in San Diego represented the buyer and seller in the transaction for the property on 4.38 acres at Camino Santa Fe and Trade Street. BirtcherProperty Services has been retained to provide asset management, property management and leasing oversight for the project.

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