Grubb & Ellis vice presidents Reg Kobzi and Joe Greeno represented both the buyer, Park Laurel Investors, and the seller, WMRP Delaware Holdings.
Park Laurel Investors, a joint venture of San Diego's RS Lawrence Development Inc. and Dallas-based CLB Partners Ltd., will develop the 96-residence Park Laurel on the Prado on the block.
The site is bounded by Fifth and Sixth avenues, Laurel and Maple streets, and is located across the street from the western gateway of Balboa Park.
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