SAN DIEGO—Kearny Real Estate Company has acquired Mission Center Office Park, a 181,000-square-foot low-rise office campus in San Diego's Mission Valley from Boston-based TA Realty in a transaction valued at $29.2 million.

Mission Center Office Park is located at 5353 Mission Center Road, immediately south of Friars Road near the 230-acre Civita mixed-use development, which is currently under construction. The property consists of a two-story 53,000-sf building leased to the County of San Diego, and two three-story 64,000-sf multi-tenant, atrium-style office buildings on a 6.7-acre lot overlooking the San Diego River. Mission Center Office Park was 89% leased at the time of sale.

“Mission Valley is the geographic center of San Diego and this project is at the center of Mission Valley,” said Kearny Real Estate partner John Bragg who heads the firm's San Diego office. “We intend to enhance its image with completely new landscaping and unique architectural features.”