California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + San Diego  + Office  | 

East Village Tower Trades for $207M

DiamondView East Village, a 15-story office tower adjacent to Petco Park in San Diego, has traded hands. Divco West Real Estate Services acquired the 315,000-square-foot building at 350 10th Ave., from Cruzan for $207 million.

The property, which was developed by Cisterra Partners in 2007 and sits just east of Petco Park, has a vacancy rate of less than 10%. DiamondView amenities include a 35,000-square-fit gym, ground-floor retail and a top-floor “skybox” open air sitting area of the Petco Park baseball field. It was the first Class A office tower to be developed as part of a Major League Baseball ballpark.

The deal was made through DivcoWest’s $1.5-billion Fund V, involving more than 40 institutional investors. Cruzan bought the asset with CIGNA in 2012 for $121 million.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Read more at San Diego Union-TribuneConnect With DivcoWestConnect With Cruzan

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition