SAN DIEGO—San Diego's major daily newspaper, The San Diego Union Tribune, is saying goodbye to Mission Valley and hello to downtown, having signed a 15-year, 59,164-square foot lease to move their office to 600 B Street, a 24-story, class A high rise building owned by Lincoln Property Company.
The newspaper, now owned by Tribune Publishing Group, will continue to rely on its parent company's printing facilities in Los Angeles. Approximately 350 reporters, editors, designers and other staff will relocate to 600 B Street. The San Diego Union Tribune will occupy four floors in the building. Move-in is expected for May 2016.
Executive vice presidents Richard Gonor and Bess Wakeman of JLL represented the landlord, while vice chairman Jeff Pion and executive vice president Bill Bacon of CBRE represented The Union Tribune.
"While we have several major office submarkets in San Diego, downtown is our city's showcase, and it is wonderful to have such an important media organization embrace our vibrant downtown," said Brig Black, executive vice president – Southern California of Lincoln Property Company.
In addition to the countless restaurants, cafes and shops in the vicinity, new amenities planned at 600 B Street contributed to newspaper's decision to relocate to the building. The new onsite amenities will include a third floor hub comprised of a conference center, workout facilities and an outdoor landscaped balcony with soft seating. An added element is the conversion of the spacious ground floor outdoor area into a mini pocket park complete with amphitheater seating that will be accessible exclusively for building tenants.
"We feel like downtown is the right place for us to be, and that 600 B Street will put us in the center of the action," said Russ Newton, president and CEO of the San Diego Union Tribune. "We're proud to be at the forefront of delivering San Diegans the important news of the day, and we look forward to a seamless transition to our new home in the heart of America's finest city."
Dallas, Texas-based Lincoln Property Company, founded in 1965 by its chairman Mack Pogue, is a privately-owned real estate firm involved in real estate investment, development, property management and leasing worldwide. Lincoln employs approximately 4,400 people in 40 administrative offices in the United States and Europe. Lincoln's cumulative development efforts have produced over 100 million square feet of commercial space and over 185,000 multifamily residential units.
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