{"id":1004118221,"date":"2015-04-25T05:58:12","date_gmt":"2015-04-25T13:58:12","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=342784"},"modified":"2022-12-08T23:28:34","modified_gmt":"2022-12-09T07:28:34","slug":"seven-cs-takes-rancho-bernardo-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/seven-cs-takes-rancho-bernardo-asset\/","title":{"rendered":"Seven C\u2019s Takes Rancho Bernardo Asset"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p>Frontera Business Park, an industrial\/R&amp;D property in Rancho Bernardo, is under new ownership. Seven C\u2019s Group L.L.C. acquired the two-building, 80,882 square-foot asset in a $10.5 million deal. Mark McEwen, Ted Cuthbert, and Matt Zimsky of Colliers International\u2019s San Diego office arranged the sale.<\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Via-Frontera-Business-Park.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-342785\" title=\"Via Frontera Business Park\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Via-Frontera-Business-Park.jpg\" alt=\"\" width=\"300\" height=\"172\" \/><\/a>Located on a 6.2-acre site at 10965-10993 Via Frontera Drive, the asset was completed in 1982. Major employers in the area include Microsoft, General Atomics, BAE Systems, Sony and HP. The new owner will look to improve occupancy at Frontera Business Park, which was just 41 percent occupied at the time of the transaction.<\/p>\n<p>Prospects for backfilling the property seem good, as San Diego\u2019s industrial market recorded a strong first quarter. Data from Colliers International shows that industrial\/R&amp;D net absorption totaled nearly 1.4 million square feet, the best performance in 16 years.<\/p>\n<p>Rancho Bernardo, along with Rose Canyon\/Morena, were the only two San Diego County industrial submarkets to record negative net absorption during the first quarter. But since negative absorption totaled only 20,000 square feet between the two submarkets, continuing improvement in the San Diego industrial market may soon move them to the plus side of the ledger.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Via Frontera Business Park in the Rancho Bernardo submarket of San Diego was recently acquired by Seven C&rsquo;s Group, LLC for a total of $10.5 million. The transaction was arranged by Mark McEwen, Ted Cuthbert, and Matt Zimsky of Colliers International&rsquo;s San Diego office. McEwen noted that the property provides its new owners with the &ldquo;opportunity to acquire an institutional business park in a desirable location.&rdquo;<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1608],"tags":[],"class_list":["post-1004118221","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-diego"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Seven C\u2019s Takes Rancho Bernardo Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/seven-cs-takes-rancho-bernardo-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seven C\u2019s Takes Rancho Bernardo Asset\" \/>\n<meta property=\"og:description\" content=\"Via Frontera Business Park in the Rancho Bernardo submarket of San Diego was recently acquired by Seven C&rsquo;s Group, LLC for a total of $10.5 million. The transaction was arranged by Mark McEwen, Ted Cuthbert, and Matt Zimsky of Colliers International&rsquo;s San Diego office. McEwen noted that the property provides its new owners with the &ldquo;opportunity to acquire an institutional business park in a desirable location.&rdquo;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/seven-cs-takes-rancho-bernardo-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-04-25T13:58:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:28:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Via-Frontera-Business-Park.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seven-cs-takes-rancho-bernardo-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/seven-cs-takes-rancho-bernardo-asset\/\",\"name\":\"Seven C\u2019s Takes Rancho Bernardo Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seven-cs-takes-rancho-bernardo-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seven-cs-takes-rancho-bernardo-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Via-Frontera-Business-Park.jpg\",\"datePublished\":\"2015-04-25T13:58:12+00:00\",\"dateModified\":\"2022-12-09T07:28:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seven-cs-takes-rancho-bernardo-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/seven-cs-takes-rancho-bernardo-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seven-cs-takes-rancho-bernardo-asset\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Via-Frontera-Business-Park.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/Via-Frontera-Business-Park.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seven-cs-takes-rancho-bernardo-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Seven C\u2019s Takes Rancho Bernardo Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\",\"name\":\"Anca Gagiuc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"caption\":\"Anca Gagiuc\"},\"description\":\"Anca Gagiuc brings more than a decade of experience within the real estate industry. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. Contact Anca at anca.gagiuc@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/anca-gagiuc\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Seven C\u2019s Takes Rancho Bernardo Asset - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/seven-cs-takes-rancho-bernardo-asset\/","og_locale":"en_US","og_type":"article","og_title":"Seven C\u2019s Takes Rancho Bernardo Asset","og_description":"Via Frontera Business Park in the Rancho Bernardo submarket of San Diego was recently acquired by Seven C&rsquo;s Group, LLC for a total of $10.5 million. 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