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Gateway at Torrey Hills Gateway at Torrey Hills was built by Cisterra Partners and sold to PGIM in June 2009 for $77.1 million.

SAN DIEGO—Irvine Co. Office Properties has purchased Gateway at Torrey Hills, a class-A, two-building, 198,000-square-foot office campus in the Del Mar Heights submarket.  As we reported in September 2017, the company purchased the nearby two-building, 127,000-square-foot office project named Township 14—its first acquisition in the submarket.

Rick Reeder and Brad Tecca of Cushman and Wakefield‘s capital-markets group represented the seller in the transaction. C&W reports that the sale price was $105 million and that the seller was an institutional real estate investor. In addition, C&W leasing specialists Brian Starck and Joe Anderson of the same office performed market advisory services.

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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.

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