SAN DIEGO-Two new restaurants will soon be rising in downtown San Diego, as RA San Diego Corp. dba RA Sushi inks a $1.3-million lease for 4,500 sf space in Downtown while 9th & Passyunk LLC dba Philly's Restaurant signs a $1.1-million agreement for 2,500 sf here.
CHULA VISTA, CA-An apparel firm, a retail business and a piping company all sign on for space at Westcore Industrial Properties' Southrail Business Park. The tenants will take a total of 17,624 sf in the Chula Vista industrial complex.
SAN DIEGO-Cadence Design Systems Inc., which is currently Carmel Corporate Plaza's sole tenant, will dramatically downsize its presence here in a few months. The company inks a five-year lease for 10,124 sf here with plans to vacate the rest of the 90,000-sf office development later this year.
EL CAJON, CA-Gleiberman Family LP secures the financing for its Casa Bonita Townhomes asset, which is located at 1321 Greenfield Dr. in El Cajon. Burnham Capital Markets Group arranged the loan through North Island Federal Credit Union.
SAN DIEGO-The joint venture entity of Shelbourne Properties I Inc. and Shelbourne Properties II Inc. has agreed to sell its Century Park I Office Complex. At closing, $20 million will be paid to the lender to release the lien against the property.
ONTARIO, CA-Completed in 1988, the 40-unit property stands at 2455 S. Fern in Ontario. It was 100% occupied at the time of sale. Amenities here include a swimming pool, spa, landscaped courtyards, poolside cabana and a common laundry room.
SAN DIEGO-Pacific Carmel Mountain Holdings LP, an affiliate of locally based American Assets Inc., acquires the 532,418-sf property from sellers Diversified Realty and Community DRA Advisors LLC.
SAN DIEGO-The 83,411-sf facility is located at 7615 Siempre Viva Rd. in Otay Mesa's six-building Britannia Corporate Center campus. Buyer Tara Materials Inc. plans to relocate its Hy-Jo picture frame division into the facility.
ESCONDIDO, CA-Pan Pacific Retail Properties Inc. acquires the 231,000-sf retail asset from an entity of Hager Pacific Properties. Anchored by Vons, Sav-On Drugs and LA Fitness, the complex is currently 90% leased.