Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO-Trammell Crow Co. is marketing a suburban office portfolio of about 500,000 sf in a deal expected to fetch about $80 million. The five low-rise and mid-rise projects, which range in size from 55,000 sf to 120,000 sf, are located in Del Mar Heights, Carmel Mountain Ranch, Kearny Mesa and Mission Valley. The portfolio is 98% leased to both national and local firms.

Rick Putnam and Jeffrey Cole, two principals in Trammell Crow’s Irvine office, are handling the sale on behalf of a pension fund advised by Clarion Partners. Phil Monroe of Burnham Real Estate will assist in the marketing.

Putnam believes that, in addition to local players, there will be significant interest from private investors, national pension funds, REITs and insurance companies.

San Diego continues to outpace the state, and “the office market will continue to grow at a moderate and sustainable pace,” Cole says.

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?

Dig Deeper


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.