Falcon, based in New York City, is an advisory and managementservices firm representing non-US individual and institutionalinvestors in US real estate. Falcon, which maintains a regionaloffice in San Diego and will be the asset manager of the property,purchased the University Pacific Centre on behalf of GEM UniversityPacific LLC.

Falcon executive vice president Scott Sweeney, who is based inSan Diego, cites the University Pacific Centre's "premier locationwithin the prestigious UTC office submarket, with frontage onInterstate 5." He notes that the office building providesfreeway-visible building signage and the most generous parkingratio in the UTC submarket, four spaces per 1,000 sf of officearea.

University Pacific Centre is 87% leased to a wide range oftenants including Pharmaceutical Research Associates, EpiCept Corp.and the Merrill Corp. “Falcon views this property as asecure long-term hold,” Sweeney comments.