{"id":1004247836,"date":"2018-08-07T06:38:38","date_gmt":"2018-08-07T14:38:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004247836"},"modified":"2022-12-08T04:28:46","modified_gmt":"2022-12-08T12:28:46","slug":"san-diego-area-office-property-trades-for-27m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-diego-area-office-property-trades-for-27m\/","title":{"rendered":"San Diego-Area Office Property Trades for $27M"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004247839\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Centerpoint-Plaza.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004247839\" data-attachment-id=\"1004247839\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-office-property-trades-for-27m\/centerpoint-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Centerpoint-Plaza.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 7D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1503991986&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;10&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.5&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Centerpoint Plaza\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Centerpoint Plaza&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Centerpoint-Plaza.jpg?w=800\" class=\"wp-image-1004247839 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Centerpoint-Plaza.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Centerpoint-Plaza.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Centerpoint-Plaza.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Centerpoint-Plaza.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004247839\" class=\"wp-caption-text\">Centerpoint Plaza<\/p><\/div>\n<p>Hill Cos. has acquired Centerpoint Plaza, a Class A multi-tenant office building in Carlsbad, Calif., for $26.8 million. NKF Capital Markets represented the seller, New York Life Real Estate Investors, working on behalf of an institutional client.&nbsp;<\/p>\n<p>Located at 5901 Priestly Drive and providing immediate access to El Camino Real and Palomar Airport Road, the property comprises 97,823 square feet across three stories. Constructed in 2007, the asset is currently 87 percent leased to tenants including Thomson Reuters, Colliers, Wells Fargo and the FBI. According to Yardi Matrix, there are five spaces available to lease, totaling 12,324 square feet.&nbsp;<\/p>\n<p>NKF Capital Markets&#8217;&nbsp;Executive Managing Director&nbsp;Brunson Howard, Co-Head of US Capital Markets&nbsp;Kevin Shannon, Executive Managing Directors&nbsp;Paul Jones&nbsp;and&nbsp;Ken White, and Senior Managing Director&nbsp;Rick Stumm, represented the seller in the deal.&nbsp;<\/p>\n<p><em>&#8220;Carlsbad has really come into its own as a mature and dynamic marketplace and it continues to transform at a rapid pace with high-end retail and residential development ongoing. This along with best-in-class asset quality and investment-grade tenancy, made Centerpoint Plaza a rare and highly-sought after coastal opportunity,&#8221;<\/em> said Howard, in a prepared statement.<\/p>\n<p>Last week, Shannon, Jones, Howard and Stumm also <a href=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-jv-buys-oc-office-asset\/\">arranged the $32.1 million sale of 1500 Quail St.<\/a>, an office building in Newport Beach, Calif., once again on behalf of New York Life Real Estate Investors.&nbsp;<\/p>\n<p><em>Image courtesy of NKF Capital Markets&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NKF Capital Markets represented the seller, New York Life Real Estate Investors, in the disposition of Centerpoint Plaza in Carlsbad. The 97,823-square-foot, multi-tenant building was 87 percent leased at the time of sale. <\/p>\n","protected":false},"author":746,"featured_media":1004247839,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,1608,15],"tags":[38163,33532,33542,36007,33531],"class_list":["post-1004247836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-san-diego","category-west","tag-ken-white","tag-kevin-shannon","tag-new-york-life-real-estate-investors","tag-newmark-knight-frank","tag-paul-jones"],"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-Area Office Property Trades for $27M - 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-area-office-property-trades-for-27m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Diego-Area Office Property Trades for $27M\" \/>\n<meta property=\"og:description\" content=\"NKF Capital Markets represented the seller, New York Life Real Estate Investors, in the disposition of Centerpoint Plaza in Carlsbad. The 97,823-square-foot, multi-tenant building was 87 percent leased at the time of sale.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-office-property-trades-for-27m\/\" \/>\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=\"2018-08-07T14:38:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T12:28:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Centerpoint-Plaza.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\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\/san-diego-area-office-property-trades-for-27m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-office-property-trades-for-27m\/\",\"name\":\"San Diego-Area Office Property Trades for $27M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-office-property-trades-for-27m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-office-property-trades-for-27m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Centerpoint-Plaza.jpg\",\"datePublished\":\"2018-08-07T14:38:38+00:00\",\"dateModified\":\"2022-12-08T12:28:46+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-office-property-trades-for-27m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-office-property-trades-for-27m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-office-property-trades-for-27m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Centerpoint-Plaza.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Centerpoint-Plaza.jpg\",\"width\":800,\"height\":620,\"caption\":\"Centerpoint Plaza\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-office-property-trades-for-27m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"San Diego-Area Office Property Trades for $27M\"}]},{\"@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\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"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\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. 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