{"id":1004770671,"date":"2025-09-05T03:27:40","date_gmt":"2025-09-05T11:27:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004770671"},"modified":"2025-11-14T05:52:53","modified_gmt":"2025-11-14T13:52:53","slug":"lincoln-property-buys-san-diego-office-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-buys-san-diego-office-campus\/","title":{"rendered":"Lincoln Property JV Buys San Diego Office Campus"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a173b8367fef&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004770672\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-buys-san-diego-office-campus\/amprsand-press\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/AMPRSAND-PRESS.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=\"AMP&#038;RSAND PRESS\" data-image-description=\"&lt;p&gt;Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Press building was opened in 2018 and connects to the tower building for easy navigation between the two properties. Image courtesy of Yardi Research Data.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/AMPRSAND-PRESS.png?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/AMPRSAND-PRESS.png\" alt=\"AMP&amp;RSAND Press, the second building in the office campus at 350 Camino De La Reina.\" class=\"wp-image-1004770672\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/AMPRSAND-PRESS.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/AMPRSAND-PRESS.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/AMPRSAND-PRESS.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The Press building, which opened in 2018, connects to the Tower building for easy navigation between the two properties. <em>Image courtesy of Yardi Research Data<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Lincoln Property Co., in conjunction with Strategic Value Partners, has acquired a 350,000-square-foot office campus in San Diego, Calif. The purchase includes two buildings along Camino De La Reina in the Mission Valley submarket, known as AMP&amp;RSAND Tower and AMP&amp;RSAND Press, a creative office campus that was previously home to the <em>San Diego Union-Tribune<\/em>.<\/p>\n\n\n\n<p><em>Connect CRE<\/em> <a href=\"https:\/\/www.connectcre.com\/stories\/lincoln-property-acquires-amprsand-creative-office-campus\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">reported<\/a> that Lincoln bought the campus for $92 million. CIM Group, the property&#8217;s seller, had purchased the campus earlier this year, Yardi Research Data shows. <\/p>\n\n\n\n<p>CBRE\u2019s&nbsp;Matt Carlson&nbsp;and&nbsp;Hunter Rowe&nbsp;facilitated the sale, with&nbsp;Scott Peterson,&nbsp;Michael Kolcum&nbsp;and&nbsp;Colby Matzke&nbsp;from CBRE\u2019s Debt &amp; Structured Finance practice securing financing for the acquisition.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-office-projects-under-construction-in-san-diego\/\">Top 5 Office Projects Under Construction in San Diego<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Both buildings are five stories high and feature a range of amenities, including an on-site caf\u00e9 and wine bar, a fitness center with showers and lockers, sky bridges to connect the spaces and above-average ceiling heights in some spaces. According to Yardi Research Data, the press building came online in 2018, and the Tower building, which underwent a renovation that same year, was originally developed in 1975.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/AMPRSAND-TOWER.png\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004770673\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-buys-san-diego-office-campus\/amprsand-tower\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/AMPRSAND-TOWER.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=\"AMP&#038;RSAND TOWER\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The campus spans 13 acres and is located off of I-8.  Image courtsey of Yardi Research Data. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/AMPRSAND-TOWER.png?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/AMPRSAND-TOWER.png\" alt=\"Exterior shot of renovated AMP&amp;RSAND Tower in San Diego. \" class=\"wp-image-1004770673\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/AMPRSAND-TOWER.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/AMPRSAND-TOWER.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/AMPRSAND-TOWER.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">The campus spans 13 acres and is located off of Interstate 8. <em>Image courtesy of Yardi Research Data <\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The San Diego-Union Tribune operated out of the 13-acre campus for over 40 years before it signed a 15-year lease at a building in downtown San Diego in 2015. The newspaper relocated over 350 employees to 600 B St. after Tribune Publishing of Chicago bought it.<\/p>\n\n\n\n<p>Located at 350 Camino De La Reina, the creative office campus has direct access to Interstate 8 and Route 163, and is right across from Fashion Valley Mall. The San Diego International Airport is just over 7 miles away and the San Diego Zoo is approximately 5 miles south.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-breathing-life-into-the-office-market\">Breathing life into the office market <\/h2>\n\n\n\n<p>San Diego\u2019s office sector continues to show strong growth and development numbers. Investment sales during the first five months of the year had the metro situated among the <a href=\"https:\/\/www.commercialsearch.com\/news\/whats-making-san-diego-a-top-tier-office-market\/\">top 10 office markets<\/a> in the country, Yardi Research Data shows. In May, the area was showing that the average sale price per square foot was $346, the second-highest among major markets and well above the $196 national average.<\/p>\n\n\n\n<p>Within the office market, life science properties are driving major deals that fuel the metro\u2019s success. Back in July, Alexandria Real Estate Equities Inc. landed a <a href=\"https:\/\/www.commercialsearch.com\/news\/alexandria-real-estate-equities-lands-record-deal\/\">record lease agreement<\/a> with a pharmaceutical tenant. The deal outlines a 16-year agreement for a 466,594-rentable-square-foot build-to-suit research hub at the Campus Point by Alexandria Megacampus.<\/p>\n\n\n\n<p>Earlier this year, HP Investors and Realm L.P. purchased a 145,000-square-foot office building in the Mission Valley submarket for $20.3 million. The partnership is rebranding the building as <a href=\"https:\/\/www.commercialsearch.com\/news\/hp-investors-realm-buy-san-diego-office\/\">Axis 1450<\/a>, under a capital improvement plan.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For more than 40 years, the San Diego Union-Tribune called the property home.<\/p>\n","protected":false},"author":3749,"featured_media":1004770672,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,1608,15],"tags":[32789,32838],"class_list":["post-1004770671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","category-san-diego","category-west","tag-cbre","tag-lincoln-property-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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