SAN DIEGO–Scripps Corporate Plaza, a 244,105-square-foot office campus has been purchased by TriGate Capital, LLC in partnership with Cypress Office Properties.
Cushman & Wakefield advised the seller, a large financial institution. Jeffrey Cole and Ed Hernandez from C&W's Irvine office and Michael Roberts and Brunson Howard from C&W's San Diego office handled the transaction.
Scripps Corporate Plaza features a six-story class-A office tower that was recently vacated by a large user and two low-rise buildings on 7.6 acres with a long term ground lease.
“There is now evidence of a growing number of corporate expansions and rising rental rates, which is fueling a recovery in the I-15 Corridor submarket. TriGate and Cypress, San Diego, saw this three-building project as a great opportunity to buy a unique value-add office campus property in an improving market,” said Jeffrey Cole, executive director with Cushman & Wakefield.
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.
