{"id":1004149972,"date":"2016-08-11T05:08:04","date_gmt":"2016-08-11T13:08:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004149972"},"modified":"2022-03-04T05:27:24","modified_gmt":"2022-03-04T13:27:24","slug":"blt-snaps-up-sorrento-mesa-flex-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/","title":{"rendered":"BLT Snaps Up Sorrento Mesa Flex Asset"},"content":{"rendered":"<p>By Alex Girda<\/p>\n<p><strong>San Diego<\/strong>\u2014An office\/R&amp;D flex building in San Diego\u2019s Sorrento Mesa submarket was recently acquired by <a href=\"https:\/\/blt-enterprises.com\/\" rel=\"nofollow noopener\" target=\"_blank\">BLT Enterprises<\/a>. The commercial real estate firm purchased the property from local investment firm <a href=\"https:\/\/www.pacventures.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Pac Ventures<\/a>. <a href=\"https:\/\/www.madisonpartners.net\/\" rel=\"nofollow noopener\" target=\"_blank\">Madison Partners<\/a> representative Ron Jacobson arranged the acquisition on behalf of the buyer, while Brian Starck and Dave Odmark of <a href=\"https:\/\/www.cushmanwakefield.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Cushman and Wakefield<\/a> worked for Pac Ventures.<\/p>\n<div id=\"attachment_1004149973\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sorrento-Tech-III.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004149973\" data-attachment-id=\"1004149973\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/sorrento-tech-iii\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sorrento-Tech-III.jpg\" data-orig-size=\"932,602\" 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;1&quot;}\" data-image-title=\"Sorrento Tech III\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Sorrento Tech III&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sorrento-Tech-III.jpg?w=932\" class=\"wp-image-1004149973 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sorrento-Tech-III.jpg\" alt=\"Sorrento Tech III\" width=\"300\" height=\"194\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sorrento-Tech-III.jpg 932w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sorrento-Tech-III.jpg?resize=300,194 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sorrento-Tech-III.jpg?resize=768,496 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004149973\" class=\"wp-caption-text\">Sorrento Tech III<\/p><\/div>\n<p>Located at 10070 Barnes Canyon Road in the tech-centric Sorrento Mesa, Sorrento Tech III offers a total of 30,000 square feet of space. The research and development\/office building is two-thirds vacant, and BLT is looking to bank on the growing tech presence in the submarket. Home to tenants such as Verizon, Sony, and Qualcomm, the Sorrento Mesa submarket currently has average rents and occupancy that are above metro averages.<\/p>\n<p>According to BLT Enterprises founder &amp; President Bernard Huberman, \u201cthis central location further adds to the appeal of the property and is well-aligned with our strategy to acquire and develop properties in primary growth markets near major transit corridors.\u201d He also noted that a capital improvements program is scheduled for the newly acquired asset, in order to boost leasing at Sorrento Tech III.<\/p>\n<p><em>Image courtesy of BLT Enterprises<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sorrento Tech III is now part of BLT Enterprises&#8217; 100,000-square-foot holdings at the tech park. <\/p>\n","protected":false},"author":41,"featured_media":1004149973,"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-1004149972","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>BLT Snaps Up Sorrento Mesa Flex 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\/blt-snaps-up-sorrento-mesa-flex-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BLT Snaps Up Sorrento Mesa Flex Asset\" \/>\n<meta property=\"og:description\" content=\"Sorrento Tech III is now part of BLT Enterprises&#039; 100,000-square-foot holdings at the tech park.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-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=\"2016-08-11T13:08:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T13:27:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sorrento-Tech-III.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"932\" \/>\n\t<meta property=\"og:image:height\" content=\"602\" \/>\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\/blt-snaps-up-sorrento-mesa-flex-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/\",\"name\":\"BLT Snaps Up Sorrento Mesa Flex Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sorrento-Tech-III.jpg\",\"datePublished\":\"2016-08-11T13:08:04+00:00\",\"dateModified\":\"2022-03-04T13:27:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sorrento-Tech-III.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sorrento-Tech-III.jpg\",\"width\":932,\"height\":602,\"caption\":\"Sorrento Tech III\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BLT Snaps Up Sorrento Mesa Flex 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\/540f0253de89dedaae7684239611b81c\",\"name\":\"Alex Girda\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96\",\"caption\":\"Alex Girda\"},\"description\":\"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/alex-girda\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"BLT Snaps Up Sorrento Mesa Flex 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\/blt-snaps-up-sorrento-mesa-flex-asset\/","og_locale":"en_US","og_type":"article","og_title":"BLT Snaps Up Sorrento Mesa Flex Asset","og_description":"Sorrento Tech III is now part of BLT Enterprises' 100,000-square-foot holdings at the tech park.","og_url":"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-08-11T13:08:04+00:00","article_modified_time":"2022-03-04T13:27:24+00:00","og_image":[{"width":932,"height":602,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sorrento-Tech-III.jpg","type":"image\/jpeg"}],"author":"Alex Girda","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/","name":"BLT Snaps Up Sorrento Mesa Flex Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sorrento-Tech-III.jpg","datePublished":"2016-08-11T13:08:04+00:00","dateModified":"2022-03-04T13:27:24+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sorrento-Tech-III.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sorrento-Tech-III.jpg","width":932,"height":602,"caption":"Sorrento Tech III"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/blt-snaps-up-sorrento-mesa-flex-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"BLT Snaps Up Sorrento Mesa Flex 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\/540f0253de89dedaae7684239611b81c","name":"Alex Girda","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","caption":"Alex Girda"},"description":"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. 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