{"id":1004148208,"date":"2016-07-20T06:44:40","date_gmt":"2016-07-20T14:44:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004148208"},"modified":"2020-04-07T00:29:09","modified_gmt":"2020-04-07T08:29:09","slug":"sorrento-mesa-office-complex-completes-renovation-adds-tenants","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sorrento-mesa-office-complex-completes-renovation-adds-tenants\/","title":{"rendered":"Sorrento Mesa Office Complex Completes Renovation, Adds Tenants"},"content":{"rendered":"<p>By Alex Girda<\/p>\n<p><strong>San Diego<\/strong>\u2014The Elements at Waterbridge, a Sorrento Mesa office complex, recently closed an extensive capital improvements program meant to boost occupancy. Owner <a href=\"https:\/\/parallelcapitalpartners.com\/\" target=\"_blank\" rel=\"nofollow\">Parallel Capital Partners<\/a> also announced that three new tenants were already added to the facility: Ntrepid, Amobee, and Daiichi Sankyo. The three new <a href=\"https:\/\/www.commercialsearch.com\/news\/leasing\/\" target=\"_blank\">leases<\/a> total roughly 40,000 square feet of space, bumping the asset\u2019s occupancy to about 86 percent.<\/p>\n<div id=\"attachment_1004148209\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Elements-at-Waterbridge.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004148209\" data-attachment-id=\"1004148209\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sorrento-mesa-office-complex-completes-renovation-adds-tenants\/elements-at-waterbridge\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Elements-at-Waterbridge.jpg\" data-orig-size=\"1110,1080\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1443849855&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;16&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.003125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Elements at Waterbridge\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Elements at Waterbridge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Elements-at-Waterbridge.jpg?w=1024\" class=\"wp-image-1004148209 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Elements-at-Waterbridge.jpg\" alt=\"Elements at Waterbridge\" width=\"300\" height=\"292\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Elements-at-Waterbridge.jpg 1110w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Elements-at-Waterbridge.jpg?resize=300,292 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Elements-at-Waterbridge.jpg?resize=768,747 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Elements-at-Waterbridge.jpg?resize=1024,996 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004148209\" class=\"wp-caption-text\">Elements at Waterbridge<\/p><\/div>\n<p>Located at 10201, 10221 and 10241 Wateridge Circle in San Diego\u2019s Sorrento Mesa submarket, the <a href=\"https:\/\/www.commercialsearch.com\/news\/office\/\" target=\"_blank\">office complex<\/a> totals 278,787 square feet of space. Acquired by Parallel in 2014, the asset was renovated\u00a0through a $2.5 million capital improvement program that included upgrading\u00a0the common areas, new landscaping and seating areas, installing new water features, and repainting the exteriors. During the process, the owner worked with Pacific Building Group for contracting duties, while the landscaping was handled by LdG Landscape Architects. LPA and Hurkes Harris Design Associates were in charge of architecture.<\/p>\n<p>Ntrepid agreed to a 15,000-square-foot deal at 10201 Wateridge Circle Suite 300 for the following 65 months. Amobee will take over 18,022 square feet of space at 10201 Wateridge Circle Suite 400\/500, also on a 65-month term. Japan-based Daiichi Sankyo inked a 60-month agreement for 6,229 square feet of space at 10201 Wateridge Circle, Suite 240. The newly-inked leasing agreements were handled by a CBRE team consisting of Mike Hoeck, Ryan Egli and Matt Carlson.<\/p>\n<p><em>Image courtesy of Parallel Capital Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Parallel Capital Partners boosted its occupancy through an extensive capital improvements program.<\/p>\n","protected":false},"author":41,"featured_media":1004148209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21742,21747,1608,15],"tags":[],"class_list":["post-1004148208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","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>Sorrento Mesa Office Complex Completes Renovation, Adds Tenants - 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\/sorrento-mesa-office-complex-completes-renovation-adds-tenants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sorrento Mesa Office Complex Completes Renovation, Adds Tenants\" \/>\n<meta property=\"og:description\" content=\"Parallel Capital Partners boosted its occupancy through an extensive capital improvements program.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/sorrento-mesa-office-complex-completes-renovation-adds-tenants\/\" \/>\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=\"2016-07-20T14:44:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-07T08:29:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/Elements-at-Waterbridge.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1110\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\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\/sorrento-mesa-office-complex-completes-renovation-adds-tenants\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/sorrento-mesa-office-complex-completes-renovation-adds-tenants\/\",\"name\":\"Sorrento Mesa Office Complex Completes Renovation, Adds Tenants - 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