Falcon, based in New York City, is an advisory and management services firm representing non-US individual and institutional investors in US real estate. Falcon, which maintains a regional office in San Diego and will be the asset manager of the property, purchased the University Pacific Centre on behalf of GEM University Pacific LLC.

Falcon executive vice president Scott Sweeney, who is based in San Diego, cites the University Pacific Centre's "premier location within the prestigious UTC office submarket, with frontage on Interstate 5." He notes that the office building provides freeway-visible building signage and the most generous parking ratio in the UTC submarket, four spaces per 1,000 sf of office area.

University Pacific Centre is 87% leased to a wide range of tenants including Pharmaceutical Research Associates, EpiCept Corp. and the Merrill Corp. “Falcon views this property as a secure long-term hold,” Sweeney comments.