SAN DIEGO-The CBRE Capital Markets team of Mark McGovern and Scott Peterson arranged $17.1 million in financing for the acquisition and upgrading of Four Points Business Park on behalf of the new owners, Brookwood Financial Partners LLC.
The CBRE team of Andrew Taylor, Ryan Grant and Nick Bonner was awarded the leasing assignment.
Located at 5575, 5625 and 5675 Ruffin Road in the Kearny Mesa submarket, Four Points Business Park features three multi-tenant office buildings totaling 124,712 rentable square feet. The financing included a 70% loan-to-purchase price plus additional loan proceeds for capital upgrades, tenant improvements and leasing commissions to stabilize the property.
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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.
