(To read more on the industrial market, click here.)
SAN DIEGO-The Abbey Co. of Long Beach has acquired a 447,311-sfoffice and flex portfolio of metro area properties from Rreef forapproximately $70 million, according to CB Richard Ellis. Theportfolio spans 29 acres in the central San Diego area, includingsix multi-tenant business parks and office flex properties totaling18 buildings.
The properties in the institutional grade portfolio, which is92% leased, are occupied by 65 tenants in spaces ranging from 500sf to 99,381 sf. The transaction was brokered by a CBRE teamincluding vice chairman Darla Longo, EVP Barbara Emmons and SVPNick Psyllos.
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