{"id":1004298629,"date":"2019-02-13T06:47:34","date_gmt":"2019-02-13T14:47:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004298629"},"modified":"2022-08-02T23:57:25","modified_gmt":"2022-08-03T07:57:25","slug":"san-diego-office-portfolio-commands-77m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-diego-office-portfolio-commands-77m\/","title":{"rendered":"San Diego Office Portfolio Commands $77M"},"content":{"rendered":"<div id=\"attachment_1004298632\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/2488-Historic-Decatur-Road-e1549989971857.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004298632\" data-attachment-id=\"1004298632\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/san-diego-office-portfolio-commands-77m\/2488-historic-decatur-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/2488-Historic-Decatur-Road-e1549989971857.jpg\" data-orig-size=\"640,480\" 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=\"2488 Historic Decatur Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;2488 Historic Decatur Road&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/2488-Historic-Decatur-Road-e1549989971857.jpg?w=640\" class=\"wp-image-1004298632 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/2488-Historic-Decatur-Road-e1549989971857.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/2488-Historic-Decatur-Road-e1549989971857.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/2488-Historic-Decatur-Road-e1549989971857.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004298632\" class=\"wp-caption-text\">2488 Historic Decatur Road<\/p><\/div>\n<p>A joint venture of IDS Real Estate Group and Lionstone Investments has acquired a four-building Class A office portfolio in San Diego for $76.8 million from McMillin Cos. The joint venture also secured a $58.9 million, 72-month, floating-rate acquisition loan with Suntrust Bank for the properties.<\/p>\n<p>The properties are all within Liberty Station, a 361-acre mixed-use development on the site of the former Naval Training Center in the Point Loma neighborhood. The two-story buildings are four separate assets located at 2280, 2468 and 2488 Historic Decatur Road and 2750 Womble Road. The office building located at 2280 Historic Decatur Road has 48,930 square feet of office space, 2468 Historic Decatur Road has a total of 38,594 square feet, 2488 Historic Decatur Road has 38,632 square feet of office space and 2750 Womble Road has a total of 60,383 square feet.<\/p>\n<p>Completed between 2003 and 2006, the properties are 81.1 percent leased overall to a tenant roster including legal, professional and financial services, aerospace and defense, hospitality, government and media tenants.<\/p>\n<p>An HFF investment advisory team representing the seller included Nick Psyllos and Kara Mathis. An HFF debt placement team representing the borrower in the acquisition loan included Tim Wright and Chris Collins.<\/p>\n<p>San Diego\u2019s office sector is <a href=\"https:\/\/www.commercialsearch.com\/news\/san-diego-plays-to-its-strengths\/\">poised for significant growth<\/a>, as demand for office space is fueled by several companies expanding their presence in the metro, as well as job growth in the education and health services sectors.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A joint venture acquired the four-building collection of properties within the Liberty Station development from McMillin Cos. The partners also secured $58.9 million in financing for the purchase.<\/p>\n","protected":false},"author":745,"featured_media":1004298632,"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":[32792,35292,33177,44114,34336],"class_list":["post-1004298629","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-hff","tag-ids-real-estate-group","tag-lionstone-investments","tag-mcmillin-companies","tag-suntrust-bank"],"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 Portfolio Commands $77M - 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-portfolio-commands-77m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Diego Office Portfolio Commands $77M\" \/>\n<meta property=\"og:description\" content=\"A joint venture acquired the four-building collection of properties within the Liberty Station development from McMillin Cos. The partners also secured $58.9 million in financing for the purchase.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/san-diego-office-portfolio-commands-77m\/\" \/>\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=\"2019-02-13T14:47:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-03T07:57:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/2488-Historic-Decatur-Road-e1549989971857.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\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-office-portfolio-commands-77m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-office-portfolio-commands-77m\/\",\"name\":\"San Diego Office Portfolio Commands $77M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-office-portfolio-commands-77m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-office-portfolio-commands-77m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/2488-Historic-Decatur-Road-e1549989971857.jpg\",\"datePublished\":\"2019-02-13T14:47:34+00:00\",\"dateModified\":\"2022-08-03T07:57:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-office-portfolio-commands-77m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/san-diego-office-portfolio-commands-77m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-office-portfolio-commands-77m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/2488-Historic-Decatur-Road-e1549989971857.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/2488-Historic-Decatur-Road-e1549989971857.jpg\",\"width\":640,\"height\":480,\"caption\":\"2488 Historic Decatur Road\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-office-portfolio-commands-77m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"San Diego Office Portfolio Commands $77M\"}]},{\"@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\/9259ffaba4775229ae3556b9555e566d\",\"name\":\"Holly Dutton\",\"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\/Holly-D-Dutton-e1622041566670.png?w=75\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"caption\":\"Holly Dutton\"},\"description\":\"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. 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