{"id":1004314460,"date":"2019-04-05T02:29:19","date_gmt":"2019-04-05T10:29:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004314460"},"modified":"2019-04-05T03:44:19","modified_gmt":"2019-04-05T11:44:19","slug":"san-diego-business-park-trades-for-28m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/","title":{"rendered":"San Diego Business Park Trades for $28M"},"content":{"rendered":"
\"\"<\/a>

Four Points Business Park. Image courtesy of CBRE<\/i><\/p><\/div>\n

Fenway Capital Advisors and Waterfall Asset Management have teamed up to acquire Four Points Business Park in the Kearny Mesa community of central San Diego for $28.2 million. Brookwood Financial Partners sold the 124,463-square-foot office campus, which was built in 1987.<\/p>\n

The Class A, three-building property was 92 percent leased when it changed hands. Private equity firm Brookwood acquired the asset in June 2013 and invested about $3.5 million in capital improvements and leasing costs, boosting the occupancy rate from 84 percent at the time of the purchase.<\/p>\n

Located at 5575, 5625 and 5675 Ruffin Road, the campus is nearby several major freeways in a rising business hub. The Kearny Mesa submarket has redeveloped its former industrial and aerospace facilities into office premises, and a variety of residential and retail projects are being built and planned. The submarket pulled in more than $180 million in office investment<\/a> in the first three quarters of 2018 and saw the highest number of office property trades in San Diego, according to Yardi Matrix.<\/p>\n

Fenway grows San Diego portfolio<\/h2>\n

CBRE\u2019s Louay Alsadek and Hunter Rowe represented Brookwood in the recent sale, while the buyers represented themselves. \u201cThe quality of the property, combined with its excellent visibility and freeway access attracted the investment community to aggressively pursue the asset and drove the competitive bidding process,\u201d<\/em> Alsadek noted in a prepared statement. \u201cKearny Mesa\u2019s historically low vacancy rate and positive investor sentiment are a testament to the strong fundamentals and desirability of the submarket.\u201d<\/em><\/p>\n

San Diego-based private equity firm Fenway Capital Advisors focuses on buying and repositioning mismanaged and under-invested assets across the western U.S. Last December the company secured $8.3 million to refinance Pacific View Center<\/a>, a three-story office building in Solana Beach, part of San Diego County, after rolling out a capital improvement program for the property.<\/p>\n","protected":false},"excerpt":{"rendered":"

Brookwood Financial Partners bought the three-building office campus in 2013 and boosted occupancy before selling it to Fenway Capital Advisors and Waterfall Asset Management.<\/p>\n","protected":false},"author":744,"featured_media":1004314463,"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":[35559,43337,45077],"class_list":["post-1004314460","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-brookwood-financial-partners","tag-fenway-capital-advisors","tag-waterfall-asset-management"],"acf":[],"yoast_head":"\nSan Diego Business Park Trades for $28M - 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-business-park-trades-for-28m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Diego Business Park Trades for $28M\" \/>\n<meta property=\"og:description\" content=\"Brookwood Financial Partners bought the three-building office campus in 2013 and boosted occupancy before selling it to Fenway Capital Advisors and Waterfall Asset Management.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/\" \/>\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=\"2019-04-05T10:29:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-05T11:44:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Four-Points.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=\"Greg Isaacson\" \/>\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-business-park-trades-for-28m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/\",\"name\":\"San Diego Business Park Trades for $28M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Four-Points.jpg\",\"datePublished\":\"2019-04-05T10:29:19+00:00\",\"dateModified\":\"2019-04-05T11:44:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1a92010198045e41b0b801129a41b3d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Four-Points.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Four-Points.jpg\",\"width\":800,\"height\":620,\"caption\":\"Four Points Business Park. Image courtesy of CBRE\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"San Diego Business Park Trades for $28M\"}]},{\"@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\/1a92010198045e41b0b801129a41b3d8\",\"name\":\"Greg Isaacson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c3761131a0fc41d60a369af57b00072d7482135ec1ca68c0df952bda4d027fc7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c3761131a0fc41d60a369af57b00072d7482135ec1ca68c0df952bda4d027fc7?s=96&d=mm&r=g\",\"caption\":\"Greg Isaacson\"},\"description\":\"Greg Isaacson is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. He has been writing about the real estate industry in the U.S. and Asia Pacific since 2014. Connect with him on Twitter: @gregisaacson\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gregisaacson\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"San Diego Business Park Trades for $28M - 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\/san-diego-business-park-trades-for-28m\/","og_locale":"en_US","og_type":"article","og_title":"San Diego Business Park Trades for $28M","og_description":"Brookwood Financial Partners bought the three-building office campus in 2013 and boosted occupancy before selling it to Fenway Capital Advisors and Waterfall Asset Management.","og_url":"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-04-05T10:29:19+00:00","article_modified_time":"2019-04-05T11:44:19+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Four-Points.jpg","type":"image\/jpeg"}],"author":"Greg Isaacson","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\/san-diego-business-park-trades-for-28m\/","url":"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/","name":"San Diego Business Park Trades for $28M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Four-Points.jpg","datePublished":"2019-04-05T10:29:19+00:00","dateModified":"2019-04-05T11:44:19+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1a92010198045e41b0b801129a41b3d8"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Four-Points.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Four-Points.jpg","width":800,"height":620,"caption":"Four Points Business Park. Image courtesy of CBRE"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/san-diego-business-park-trades-for-28m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"San Diego Business Park Trades for $28M"}]},{"@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\/1a92010198045e41b0b801129a41b3d8","name":"Greg Isaacson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c3761131a0fc41d60a369af57b00072d7482135ec1ca68c0df952bda4d027fc7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c3761131a0fc41d60a369af57b00072d7482135ec1ca68c0df952bda4d027fc7?s=96&d=mm&r=g","caption":"Greg Isaacson"},"description":"Greg Isaacson is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. He has been writing about the real estate industry in the U.S. and Asia Pacific since 2014. Connect with him on Twitter: @gregisaacson","url":"https:\/\/www.commercialsearch.com\/news\/author\/gregisaacson\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Four-Points.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004314460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/744"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004314460"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004314460\/revisions"}],"predecessor-version":[{"id":1004314667,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004314460\/revisions\/1004314667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004314463"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004314460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004314460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004314460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}