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SKB Scoops Up SoCal Assets

SAN DIEGO, CA-Portland, OR-based ScanlanKemperBard Cos. continues to build up its holdings in Southern California, having recently shelled out $28.8 million for two assets located here.

By Erin Cassin | Updated on October 31, 2003

SAN DIEGO-In a move to increase its holdings in Southern California, the Portland, OR-based real estate merchant banking and development advisory firm ScanlanKemperBard Cos. has picked up two Southland assets in separate deals valued at $28.8 million combined.

In the larger of the two transactions, ScanlanKemperBard has shelled out $17.1 million for a 93,646-sf suburban office facility in San Diego. Known as Chesapeake Park Plaza, the property is located at Chesapeake Drive and Clairmont Mesa Boulevard in the Kearny Mesa area of the city. ScanlanKemperBard has purchased the asset from Chesapeake Partners LLC.

Separately, ScanlanKemperBard has procured the Palms to Pines retail complex in Palm Desert from GMS Realty LLC for $11.7 million. Encompassing 81,722 sf, the shopping center stands at Highway 111 between El Paseo Drive and Plaza Way. It is occupied by Vons and Washington Mutual.

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