SAN DIEGO—Rockwood Real Estate Advisors, a full service real estate investment banking firm, has sold Chesapeake Park Plaza to Peregrine Realty Partners, a west coast based commercial real estate firm that was founded in 2009.
The multi-tenant, Class 'A' office building located in the Kearny Mesa submarket of San Diego was 80% leased to companies such as Molina Healthcare and Brown and Caldwell at the time of sale.
“There was strong interest from all types of investors despite the asset's mid-market characteristics. Such demand is telling of the limited supply of quality investments and the high supply of equity needing to be placed,” said Sean Fulp, Managing Director and Head of Western U.S. Investment Sales for Rockwood Real Estate Advisors.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
