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SKB Adds 235,209 SF to San Diego Portfolio

SAN DIEGO, CA-Portland-based ScanlanKemperBard Cos. beefs up its San Diego portfolio with the acquisition of two Mission Valley office properties in separate transactions worth $36.7 million combined.

By Erin Cassin | Updated on April 21, 2003

SAN DIEGO, CA-ScanlanKemperBard Cos., the Portland-based real estate merchant banking and development advisory firm, has beefed up its San Diego portfolio with the purchase of two Mission Valley office properties in separate deals worth $36.7 million combined.

The two assets, Kearny Mesa Crossroads and Rio Vista Building, have a blended occupancy level of 92%, according to SKB principals Robert D. Scanlan and Todd M. Gooding, adding that the properties include a mix of government, financial, medical and service tenants. Scanlan says company officials are pleased with the new acquisitions, pointing out that San Diego is “one of the strongest economic and real estate markets” in the country.

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