SAN DIEGO-Jones Lang LaSalle's Capital Markets has completed the sale of Rio San Diego Plaza, a class A, 189,490-square-foot office building in San Diego's highly-desirable suburban Mission Valley submarket. Prudential Real Estate Investors purchased the six-story property from AEW Capital Management, which sold it on behalf of one of its institutional clients.

Managing Directors Lynn LaChapelle and Bob Prendergast led the JLL team on this transaction.

“With an abundance of investment-grade tenants and a location in one of San Diego's most popular and reliable submarkets, Rio San Diego Plaza is an outstanding property for investors,” LaChapelle said. “The property's above average floor plates and parking ratio are highly desired by many of Mission Valley's tenants and certainly offers a competitive leasing advantage. Mission Valley's class A office vacancy rate is well below 10% and with no development slated for the foreseeable future; Rio San Diego Plaza offered a great chance for investors to buy in a high-barrier-to-entry market that is poised to perform very well for years to come.”