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Office Property Gets Nearly $5M

SAN DIEGO-Governor Park LLC acquires a 15,380-sf office building. The property fetches $297 per sf and is located on 1.18 acres.

By Daniel D. Williams | Updated on February 10, 2005

SAN DIEGO-The San Diego office market began gaining stream toward the last quarter of last year and has remained strong so far in 2005. Most recently, a single-story office property has sold in the Governor Park area for $4.7 million. The building sold for $297 per sf.The property, located at 6336 Greenwich Drive, counts 15,380 sf on a 1.18-acre lot. In the deal, Governor Park Partners LLC, with Richard Papike and Gary Van Eik as managing partners, acquired the property from the Building Industry Association of San Diego County.As part of the deal, the BIA will move to a new office at 9201 Spectrum Center Blvd. in Kearny Mesa. Moving in will be TriStaff Group, which is owned by the Governor Park Partners’ managing partners.Founded in 1971, TriStaff Group is a recruitment and staffing firm. TriStaff employs a staff of more than 80 professionals and is expanding with a projected 40% annual growth rate. The firm has a database of more than 10,000 clients and 40,000 candidates. Clients include Sony, Sun Microsytems and Fujitsu. In the deal, Tom Wilcox of Colliers International and Harry Stone of Voit Commercial Brokerage represented the seller. Jay Arnett and Deborah Hunkeler of Burnham Real Estate Services/ONCOR International represented the buyer.

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