SAN DIEGO—Financial services, insurance companies, tech and engineering firms and defense contractors make up the fabric of industries in San Diego's Mission Valley submarket, which adds to its stability in the eyes of investors, CBRE EVP Louay Alsadek tells GlobeSt.com. Alsadek and Hunter Rowe recently acted as investment advisors in Omninet Capital's acquisition of Mission Center Office Park in Mission Valley from Kearny Real Estate Co. for an undisclosed price.
The three-building, 183,692-square-foot property, located at 5333-5353 Mission Center Rd., was 92% leased at the time of sale. Richard Gonor, Tony Russell and Brandt Riedman of JLL provided leasing-market expertise.
We spoke with Alsadek about the Mission Valley office market, its potential and the types of tenants attracted to the submarket.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
