Two-Building Sorrento Mesa Campus Trades

SAN DIEGO—CBRE has arranged the sale of a two-building, 311,305-square-foot office campus to Invesco Real Estate and San Diego-based developer Cruzan for $85.5 million. Located at 6420 and 6450 Sequence Drive in the Sorrento Mesa submarket of San Diego, the project is situated on nearly 26 acres with approximately 5.7 acres of developable land.

Louay Alsadek, Justin Parsonnet, Hunter Rowe, Chris Pascale and Mike Hoeck of CBRE represented the seller, a publicly traded company. Invesco Real Estate and Cruzan represented themselves. Mark McGovern and Scott Peterson of CBRE debt & structured finance worked on behalf of Invesco Real Estate and Cruzan to secure a $70 million, four-year, variable rate loan through Cornerstone RE Advisors.