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Builder, REIT, Plan for Office Construction

DEL MAR, CA-A major office REIT has bought land at the San Diego Corporate Center for two office buildings totaling 160,000 sf in a deal valued at $10.5 million.

By Randyl J. Drummer | Updated on February 05, 2002

DEL MAR, CA-A partnership between an office REIT and a local developer will bring two office buildings totaling 160,000 sf to the San Diego Corporate Center in a deal valued at $10.5 million.

Prentiss/Collins Del Mar Heights, LLC purchased the 7.35 acres of land from Pardee Construction in the center north of the Interstate5/I-805 merge at High Bluff Drive and El Camino Real in the Del Mar area.

The buyer is a joint venture between Prentiss Properties, a real estate investment trust, and San Diego based Southwind Construction.

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