The 46,228 sf, three-story, Class A suburban office project is located at 445 Marine View Ave. The 1.88-acre site features 498 feet of freeway frontage along Interstate 5 and panoramic views of the ocean and the Del Mar Race Track.
The owner and lessor is Hibicus Investments, Inc. A San Diego landmark, The Timbers was developed and designed in 1989 by Deems Lewis McKinley, a nationally recognized architecture team.
Ron Jacobson and John Hoffmann of Colliers International represented both the lessor and lessee in the transactions, which include a five-year, 9,659 sf lease by Mountain Pacific Financial, dba Distinctive Properties, a Remax office, valued at $1.7 million Distinctive Properties will occupy Suite 300 on June 1.
Other deals include a five-year, 1,458 sf lease by United Title Company, valued at $263,000; and a three-year, 1,206 sf lease by Sun Valley Building & Engineering, valued at $135,000.
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