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SAN DIEGO-Lincoln Property Co., in a joint venture partnership with Angelo, Gordon & Co., has purchased a high-rise office building at 600 B St. here in downtown San Diego for $49 million. The seller of the 359,218-square-foot building was Nomura CDO 2007-2-600 B Street LLC.

“San Diego is a strategic growth market for our company, and the acquisition of 600 B Street is a tremendous opportunity to significantly increase our asset base in the region,” explains Brig Black, senior vice president of Southern California of Lincoln Property Co., in a prepared statement.

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