{"id":1004304899,"date":"2019-03-04T05:39:43","date_gmt":"2019-03-04T13:39:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004304899"},"modified":"2019-03-04T07:25:28","modified_gmt":"2019-03-04T15:25:28","slug":"stockbridge-sells-san-diego-office-asset-for-39m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/","title":{"rendered":"Stockbridge Sells San Diego Office Asset for $39M"},"content":{"rendered":"<div id=\"attachment_1004304914\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Mesa-View-Plaza.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004304914\" data-attachment-id=\"1004304914\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/mesa-view-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Mesa-View-Plaza.jpg\" 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;1&quot;}\" data-image-title=\"Mesa View Plaza\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Mesa View Plaza&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Mesa-View-Plaza.jpg?w=800\" class=\"wp-image-1004304914 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Mesa-View-Plaza.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Mesa-View-Plaza.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Mesa-View-Plaza.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Mesa-View-Plaza.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004304914\" class=\"wp-caption-text\">Mesa View Plaza<\/p><\/div>\n<p>A joint venture between Coast Income Properties and Washington Capital Management has acquired Mesas View Plaza, a Class A office building in San Diego&#8217;s Kearny Mesa neighborhood, for $39.1 million.&nbsp;<\/p>\n<p>Located at 9350 Waxie Way, the property comprises 111,268 square feet across five stories. Mesa View Plaza was 100 percent leased to multiple tenants at the time of sale. Situated on 9.9 acres, the building offers efficient floor plates, tenant balconies, well-appointed lobby and parking with direct access to the asset. The property is within close proximity to Highway 52, San Diego&#8217;s main east\/west thoroughfare linking coastal and inland neighborhoods. Brian Paul &amp; Associates designed Mesa View Plaza, which was completed in 2003.<\/p>\n<p>Cushman &amp; Wakefield&#8217;s Rick Reeder and Brad Tecca represented the seller, Stockbridge, in the transaction. The same team represented Shorenstein Partners in <a href=\"https:\/\/www.commercialsearch.com\/news\/shorenstein-buys-san-diego-office-towers\/\">acquiring Sorrento Towers North &amp; South<\/a>, two Class A office properties in San Diego, last October.&nbsp;<\/p>\n<p><em>\u201cMesa View Plaza is well-known as one of the finest Class A, multi-tenant office buildings in central San Diego,&#8221;<\/em>&nbsp;Tecca&nbsp;said in a prepared statement. <em>&#8220;This acquisition will provide stable in-place cash flow and the ability to capitalize on rising rental rates in a submarket where the vacancy rate will decline to under 3 percent by the end of the second quarter. Strong and improving leasing fundamentals, including declining vacancy rates and strong tenant demand throughout all of San Diego County, is attracting new and returning capital to the market where pricing levels are a relative discount to all other major west coast markets.&#8221;&nbsp;<\/em><\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cushman &#038; Wakefield represented the seller in its disposition of Mesa View Plaza, a fully leased, five-story property in the suburb of Kearny Mesa.<\/p>\n","protected":false},"author":746,"featured_media":1004304914,"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":[32799,44465,33953],"class_list":["post-1004304899","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-cushman-wakefield","tag-stockbridge","tag-washington-capital-management"],"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>Stockbridge Sells San Diego Office Asset for $39M - 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\/stockbridge-sells-san-diego-office-asset-for-39m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stockbridge Sells San Diego Office Asset for $39M\" \/>\n<meta property=\"og:description\" content=\"Cushman &amp; Wakefield represented the seller in its disposition of Mesa View Plaza, a fully leased, five-story property in the suburb of Kearny Mesa.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/\" \/>\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=\"2019-03-04T13:39:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-04T15:25:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Mesa-View-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\/stockbridge-sells-san-diego-office-asset-for-39m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/\",\"name\":\"Stockbridge Sells San Diego Office Asset for $39M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Mesa-View-Plaza.jpg\",\"datePublished\":\"2019-03-04T13:39:43+00:00\",\"dateModified\":\"2019-03-04T15:25:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Mesa-View-Plaza.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Mesa-View-Plaza.jpg\",\"width\":800,\"height\":620,\"caption\":\"Mesa View Plaza\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stockbridge Sells San Diego Office Asset for $39M\"}]},{\"@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. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Stockbridge Sells San Diego Office Asset for $39M - 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\/stockbridge-sells-san-diego-office-asset-for-39m\/","og_locale":"en_US","og_type":"article","og_title":"Stockbridge Sells San Diego Office Asset for $39M","og_description":"Cushman & Wakefield represented the seller in its disposition of Mesa View Plaza, a fully leased, five-story property in the suburb of Kearny Mesa.","og_url":"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-03-04T13:39:43+00:00","article_modified_time":"2019-03-04T15:25:28+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Mesa-View-Plaza.jpg","type":"image\/jpeg"}],"author":"IvyLee Rosario","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\/stockbridge-sells-san-diego-office-asset-for-39m\/","url":"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/","name":"Stockbridge Sells San Diego Office Asset for $39M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Mesa-View-Plaza.jpg","datePublished":"2019-03-04T13:39:43+00:00","dateModified":"2019-03-04T15:25:28+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Mesa-View-Plaza.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Mesa-View-Plaza.jpg","width":800,"height":620,"caption":"Mesa View Plaza"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-san-diego-office-asset-for-39m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Stockbridge Sells San Diego Office Asset for $39M"}]},{"@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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