{"id":1004192694,"date":"2017-10-04T08:35:21","date_gmt":"2017-10-04T16:35:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004192694"},"modified":"2022-12-08T18:32:16","modified_gmt":"2022-12-09T02:32:16","slug":"vista-nabs-san-diego-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/vista-nabs-san-diego-office-tower\/","title":{"rendered":"Vista Nabs San Diego Office Tower"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004192700\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Plaza-2020-San-Diego.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004192700\" data-attachment-id=\"1004192700\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/vista-nabs-san-diego-office-tower\/plaza-2020-san-diego\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Plaza-2020-San-Diego.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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=\"Plaza 2020, San Diego\" data-image-description=\"&lt;p&gt;Plaza 2020, San Diego&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Plaza 2020, San Diego&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Plaza-2020-San-Diego.png?w=800\" loading=\"lazy\" class=\"wp-image-1004192700 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Plaza-2020-San-Diego.png\" alt=\"Plaza 2020, San Diego\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Plaza-2020-San-Diego.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Plaza-2020-San-Diego.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Plaza-2020-San-Diego.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004192700\" class=\"wp-caption-text\">Plaza 2020, San Diego<\/p><\/div>\n<p>Vista Investment Group added a new asset to its <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-secures-financing-for-silicon-valley-asset\/\">office portfolio<\/a>: Plaza 2020, a 10-story tower located in the Mission Valley submarket of San Diego. The property marks the company\u2019s second acquisition in the area, following the purchase of an 80-unit community in La Mesa, Calif. Vista bought Plaza 2020 using a $16.6 million fixed-rate life company loan arranged by HFF.<\/p>\n<p>\u201c<em>Mission Valley should see strong office demand in the coming years as a surge of residential and retail development is delivered into the sub-market. Plaza 2020 fits well within Vista\u2019s strategy of owning well-located, middle-market assets below replacement cost, with strong upside potential,\u201d<\/em> said Vista President Jonathan Barach, in prepared remarks.<\/p>\n<p>Attorney Andrew Kirsh of Sklar Kirsh represented Vista in this deal, while HFF Senior Director Marc Schillinger led the loan arrangements. \u00a0<\/p>\n<h2>Upcoming changes<\/h2>\n<p>The new owner announced its plans to bring a series of upgrades to the office tower, targeting the lobby, common areas, restrooms and front entryway. The last time the property went through a makeover was in 2000, when the exterior fa\u00e7ade was redesigned, the lobby and common areas were upgraded and the mechanical, electrical and plumbing systems were replaced.<\/p>\n<p>The 1970-built asset is 95 percent leased by several tenants, including the University of Redlands and American Preferred Lending. Located at 2020 Camino del Rio North, it is adjacent to Interstate 8 and within walking distance from the Westfield Mission Valley Mall and Metropolitan Transit System\u2019s Rio Vista Trolley Station, which provides access to downtown San Diego.<\/p>\n<p><em>Image courtesy of Vista Investment Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The asset is located within the Mission Valley submarket and offers 105,796 square feet of space, out of which 10,000 is designated for retail use. <\/p>\n","protected":false},"author":1064,"featured_media":1004192700,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21747,1608,15],"tags":[32792,34453],"class_list":["post-1004192694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-office","category-san-diego","category-west","tag-hff","tag-vista-investment-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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