{"id":1004141954,"date":"2016-04-18T05:47:17","date_gmt":"2016-04-18T13:47:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004141954"},"modified":"2022-03-03T19:46:54","modified_gmt":"2022-03-04T03:46:54","slug":"san-diego-office-tower-snapped-up-by-gemini-investments-controlled-company","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-diego-office-tower-snapped-up-by-gemini-investments-controlled-company\/","title":{"rendered":"San Diego Office Tower Snapped up by Gemini Investments-controlled Company"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p><strong>San Diego<\/strong>\u2013A trophy office tower in <a href=\"https:\/\/www.commercialsearch.com\/news\/san-diego\/\" target=\"_blank\" rel=\"noopener\">San Diego<\/a> was recently acquired by Gemini Rosemont, adding a substantial amount of space to the company\u2019s office portfolio. The Gemini Investments-controlled entity purchased 610 West Ash for an undisclosed amount through a partnership with Central Properties. An <a href=\"https:\/\/hfflp.com\/\" rel=\"nofollow noopener\" target=\"_blank\">HFF<\/a> team consisting of Senior Managing Directors Nick Psyllos, Ryan Gallagher, and Michael Leggett, as well as Director Nick Frasco negotiated the transaction.<\/p>\n<div id=\"attachment_1004141966\" style=\"width: 250px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/610-West-Ash..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004141966\" data-attachment-id=\"1004141966\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/san-diego-office-tower-snapped-up-by-gemini-investments-controlled-company\/610-west-ash\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/610-West-Ash..jpg\" data-orig-size=\"640,800\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"610 West Ash.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;610 West Ash.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/610-West-Ash..jpg?w=640\" class=\"wp-image-1004141966 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/610-West-Ash..jpg\" alt=\"610 West Ash.\" width=\"240\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/610-West-Ash..jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/610-West-Ash..jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a><p id=\"caption-attachment-1004141966\" class=\"wp-caption-text\">610 West Ash.<\/p><\/div>\n<p>Located at 610 West Ash St., the <a href=\"https:\/\/www.commercialsearch.com\/news\/office\/\" target=\"_blank\" rel=\"noopener\">office tower<\/a> offers 177,489 square feet of space. The 19-story commercial building is located in the city\u2019s CBD and is a Class A-level asset. Offering 351 parking spaces at a 2 spaces\/1,000 square feet parking ratio, as well as controlled access, the building is set in a true live-work-play environment.<\/p>\n<p>Currently operating at about 98 percent occupancy, the tower has a diverse tenant roster that includes ESET, the Department of Homeland Security and the Environmental Protection Agency. The building was originally built in 1986, with the last major renovation taking place in 1997, according to real estate data provider <a href=\"https:\/\/www.yardimatrix.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Yardi Matrix<\/a>.<\/p>\n<p>The acquisition comes at a time when the company is undergoing a three-year, $3 billion capital raise and acquisition initiative. Gemini Rosemont currently owns 114 buildings in 21 states across the country, with the portfolio reaching roughly 14.7 million square feet of office space.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alex Girda, Associate Editor San Diego\u2013A trophy office tower in San Diego was recently acquired by Gemini Rosemont, adding a substantial amount of space to the company\u2019s office portfolio. The Gemini Investments-controlled entity purchased 610 West Ash for an undisclosed amount through a partnership with Central Properties. An HFF team consisting of Senior Managing&hellip;<\/p>\n","protected":false},"author":41,"featured_media":1004141966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,1608,15],"tags":[],"class_list":["post-1004141954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-san-diego","category-west"],"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>San Diego Office Tower Snapped up by Gemini Investments-controlled Company - 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\/san-diego-office-tower-snapped-up-by-gemini-investments-controlled-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Diego Office Tower Snapped up by Gemini Investments-controlled Company\" \/>\n<meta property=\"og:description\" content=\"By Alex Girda, Associate Editor San Diego\u2013A trophy office tower in San Diego was recently acquired by Gemini Rosemont, adding a substantial amount of space to the company\u2019s office portfolio. 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