Joseph Sumberg Sumberg: “Flex-industrial product appeals to a range of users, including life sciences and technology companies, which are prominent in the submarket and can utilize flex industrial space for a variety of business functions.”

SAN DIEGO—An attractive location for tenants seeking convenience for their employees and proximity to research institutions and companies, Sorrento Mesa shines as a flex-industrial submarket, Goldman Sachs Asset Management Private Real Estate co-head Joseph Sumberg tells GlobeSt.com. As we recently reported, the firm, in a joint venture with Montana Avenue Capital Partners LLC, recently acquired Centerpark Plaza, a 204,000-square-foot, multi-tenant industrial-flex campus in Sorrento Mesa submarket with eight flex industrial buildings and one office building.

Dekel Capital, an L.A.-based real estate merchant bank that specializes in sourcing and placing equity and debt for middle-market commercial real estate developers and investors, placed core-plus JV equity of an undisclosed amount on behalf of Montana. The proceeds were used to acquire and reposition Cernterpark Plaza.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

More from this author

 

GlobeSt. INDUSTRIAL 2022Event

This conference brings together the industry's most influential & knowledgeable industrial real estate executives

Get More Information
 

GlobeSt Net Lease Spring 2023Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.