JLL Arranges Sale of Fully Leased Kearney Mesa Offices

JLL Capital Markets completed the $12.35-million sale of 8965 Balboa Ave., a 27,761-square-foot office building. The deal represents one of several recent owner/user office sales in the Kearny Mesa submarket of San Diego, one of the most centrally located and stable office submarkets in the city.

A JLL team of managing directors Bob Prendergast and Lynn LaChapelle, along with associate Zac Saloff, represented the seller, Dollinger Properties. Cushman & Wakefield’s Mike Labelle and Bridget Gossett represented the buyer, Sharp HealthCare.

8965 Balboa Ave. is positioned between two of San Diego’s north-south arteries, Interstate 15 and State Route 163, providing quick access to most of the county. Additionally, it is immediately adjacent to the Montgomery Gibbs Executive Airport, which serves as a hub for private and corporate aviation. Originally built in 1985, the property is currently 100% leased to the County of San Diego, which has been onsite since 2002.

OC Lifetime Achievement Award: Johnson Capital Advisors’ Founder & CEO, now Principal Emeritus, Guy Johnson, will receive the Connect CRE Lifetime Achievement Award at Connect Orange County on Thursday, March 20th. Register to attend sit in on a very special Keynote Conversation between Guy and presenters from Matthews REIS, Red Oak Capital Holdings, and more, who have worked with Guy throughout his career. www.ConnectOC2025.com