SAN DIEGO—DTZ has facilitated the sale of the Del Mar Corporate Plaza by Coast Income Properties to Cruzan for $29.4 million.
DTZ's San Diego Capital Markets team of Rick Reeder, Brad Tecca, Gary Goss and Ben Schwartz represented both Cruzan and Coast Income Properties. The San Diego Capital Markets team has facilitated more than $250 million in sales in the submarket since 2012.
“We've actively worked in the Del Mar Highlands for the past 20 years and see the demand for office buildings in the area only increasing,” said Tecca. “The region is widely considered to be San Diego's premier submarket. Our ability to leverage our global debt and financing resources for buyers enables us to put together mutually beneficial deals regardless of the complexity. We're proud to have done so here for Cruzan and Coast Income Properties.”
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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.
