The financial institution will take occupancy on July 1 of an 8,500-sf office space located at 8954 Rio San Diego Plaza Drive.
Jack Kruger, senior vice president in Grubb & Ellis' San Diego office, represented the lessee. Pat Rohan of Burnham Real Estate Services represented the lessor, Scripps Mission Valley Office Park, LLC.
Activity has been strong in the Mission Valley market of late. A commercial developer recently sold about 90 gross acres in Mission Valley to a residential builder in a deal valued at $50 million.
H.G. Fenton Co. has sold 90 gross acres of a 113-gross-acre parcel to Shea Homes and Continental Homes, the first transaction in a series of 1031 exchanges that H.G. Fenton expects to complete by the end of the month.
The property is located in the Mission City Specific Plan, on the north side of Friars Road between Northside Drive and Fenton Parkway. Shea Homes and Continental Homes plan to co-develop the site into a master-planned residential community that will be comprised of six neighborhoods totaling about 780 homes.
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