DEL MAR, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that the Heights at Del Mar office park has sold for $126.35 million. The acquisition represents the largest sale transaction within the Del Mar Heights submarket since 2007, according to Rick Reeder and Brad Tecca of Cassidy Turley who resented both the buyer, Kilroy Realty Corp., and the seller, Prudential Real Estate.
The Heights at Del Mar is a 218,940-square-foot, class-A campus located at 12770 to 12790 El Camino Real in Del Mar Heights. The project encompasses a class A multi-tenant office building, life science building, and an entitled 4.2-acre parcel of land that can accommodate an approximate 90,000-square-foot office or life science facility.
The Heights at Del Mar is anchored by Neurocrine Biosciencese and Knobbe Martens Olson & Bear, the nation's third largest intellectual property law firm. Both of these firms have long-term commitments in place and combined occupy 94 percent of the campus. Additional tenants are Allen Group Architects, Southwest Value Partners and Backplane.
Check back with GlobeSt.com for and upcate on this story with thoughts from Kilroy Realty Corp. on the purchase.
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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.
