SAN DIEGO-The Bank of America Tower, a 20-story building in downtown San Diego has been acquired by Sumitomo Corporation of America for $73 million. The deal closed on Nov. 20.
The building, at 450 B. St., changed hands in December 2011, when BBL Inc. of San Diego and Westbrook Partners of New York paid about $60 millionfor it.
The office tower was built in1981 and renovated in 2009 and sits on over 1.22 acres of land. The property includes 290,000 square-feet of office space which is currently 81% occupied with the major tenants being Bank of America and the County of San Diego. It is walking distance to the historical Gaslamp Quarter, Petco Park, and San Diego Bay and minutes from San Diego International Airport. The deal closed on Nov. 20.
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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.
