San Diego
The Saywitz Co. recently completed a three-year, 107,006-square-foot lease (with an option to expand to five years) on behalf of Bikebandit.com—an online motorcycle parts store. The lease is valued in excess of $3 million dollars and was secured for the company’s corporate headquarters located at 7625 Panasonic Way in the Otay Mesa submarket in San Diego. Jeff Saywitz, senior vice president of the Saywitz Co., represented the tenant, Bikebandit.com and Mickey Morera of Cushman & Wakefield Inc. represented the landlord, the Auerbach Family Trust. “The size of this deal makes it unique due to the fact that little real estate activity is currently taking place in the Otay Mesa,” says Saywitz. “There are very few corporate headquarter leases being secured in this submarket right now, and that coupled with the high vacancy rate there, allowed BikeBandit to secure a very favorable deal that also positions the landlord nicely and guarantee’s them income for the coming years.”
Cushman & Wakefield Inc. revealed the $19.8-million sale of the Shops at San Miguel Ranch, a 103,548-square-foot grocery-anchored shopping center located at 2310 – 2350 Proctor Valley Rd., in Chula Vista, CA. The transaction represents one of the largest retail sales in San Diego in 2010, according to a prepared statement. Pete Bethea, Rob Ippolito, Jesse Lowe and David Bradley of Cushman & Wakefield’s Retail Advisors negotiated the lender sale for Jefferson Pilot Investments Inc. The buyer, MGP IX REIT LLC, represented itself.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
