Search
 

Equity Office Unveils Plans for $36M Spec Center

SAN DIEGO-The two-building project will count 150,000 sf of class A office space. The project is the first spec office project to go up since 2002 in the University Towne Center submarket.

By Daniel D. Williams | Updated on June 05, 2005

SAN DIEGO-A sure sign the office market is gaining steam is once developers are willing to put their faith and money into a speculative project. That’s just the case in the University Town Center submarket as Equity Office Properties has green lit a class A office project that will be known as Bridge Pointe Corporate Centre III. Equity Office expects to break ground on the development in July 2005, with a completion date set for the third quarter of 2006.The project will count $36 million in two buildings and 150,000 sf. It’s the first spec project in the University Town Center submarket since 2002. The project includes one two- and one three-story building. Equity Office has selected Trammell Crow Company as the development manager, Smith Consulting Architects as the project architect, and DPR Construction Inc. as the general contractor.”Bridge Pointe III will offer a premier local business environment for a regional or corporate headquarters,” says Bert Dezzutti, senior vice president of Equity Office in Southern California. Dezzutti adds that the first two phases are 100% leased.Equity Office is already the largest landlord in University Town Center. This latest project will give the company more than 2.6 million sf in the submarket. Equity Office’s other local assets include: The Plaza at La Jolla Village, La Jolla Centre I & II, La Jolla Executive Tower, Nobel Corporate Plaza, One Pacific Heights, Centerside II, Westridge I, Pacific Corporate Plaza, and Park Plaza.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.