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SAN DIEGO, CA-Arden Realty Inc. has added 370,000 sf of office space to its portfolio, having recently acquired four properties in San Diego for a total of $69 million. The four new assets, which have been purchased from Equity Office Properties, bring Arden’s portfolio to around 19.4 million sf, including more than 2.8 million sf in San Diego County.

Two of the newly acquired assets, Crossroads and Carmel Valley Center I & II, are located in submarkets where Arden had not previously owned properties. Crossroads stands in Mission Valley, while Carmel Valley Center I & II is located in Del Mar Heights. The Mission Valley property is a seven-story, multi-tenant office building that is fully leased. Encompassing 133,600 sf, the Crossroads facility is located at 404 Camino del Rio South. Carmel Valley I & II consists of two buildings that stand at 11975 and 11995 El Camino Real. Its facilities, which are 97% leased, encompass a total of 107,200 sf.

Arden’s other two acquisitions, Carmel View Office Center and Governor Executive Center, are located respectively in Rancho Bernardo/Poway and Governor Park. Carmel View Office Center, which encompasses 77,500 sf, marks Arden’s sixth purchase in the Rancho Bernardo/Poway submarket. The three-story building stands at 15373 Innovation Drive in the Carmel Mountain Ranch master-planned development. It is 94% leased. Located at 6165 Greenwich Drive, Governor Executive Center is a three-story, 52,200-sf facility that is 97% leased. It is the third Governor Park property that Arden has added to its portfolio.

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