SAN DIEGO- Realty investor KBS Realty Advisors has acquiredTorrey Reserve West office park situated in Del Mar Heights in SanDiego County for $27.3 million from a unit of RREEF Funds LLC.
The office complex, which measures 118,030 square feet, islocated 20 miles north of downtown San Diego. In order to acquirethe property, KBS paid about $10.3 million in cash and theremaining $17 million through loan. The building complex is nearly90% leased. For the full story, go to Orange County BusinessJournal.
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