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SoCal's Hazard Center Sells for $71 Mil

SAN DIEGO-The 389,900-sf mixed-use tower is acquired by Starwood Capital and WCB Properties. The deal is one of California's largest of the year.

By David W. Myers | Updated on November 20, 2001

SAN DIEGO-In one of Southern California’s largest real estate deals of the year, a partnership of privately held WCB Properties and Starwood Capital Group has agreed to buy the 389,900-sf Hazard Center office and retail complex for $71 million.

Hazard Center is one of the best-known buildings in San Diego’s Mission Valley area. The granite-clad tower rises 15 stories and is fully occupied by tenants that include Aetna Inc., Toyota Motor Co. and American International Group Inc.—all three of which are Fortune 500 companies.

The development’s lower floors are occupied by retailers that include bookseller Barnes & Noble and Wherehouse, one of the nation’s largest video and music chains. Restaurants at the project include Prego and Trophy’s.

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