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$45M Refi for Iconic San Diego Office Building
CBRE’s Capital Markets’ arranged a $44.75 million loan for the refinance of Manchester Financial Centre, a 160,000-square-foot, iconic office property in San Diego, on behalf of Manchester Financial Group.
Originally built in 1965, the storied 12-story building houses Bertrand at Mister A’s fine dining restaurant, and is the headquarters for Manchester Financial Group. The asset is located at 2550 Fifth Ave., in the San Diego submarket of Bankers Hill. Other amenities include a fitness center, on-site coffee shop, valet parking, storage and bike racks.
CBRE’s Debt & Structured Finance team of Mark McGovern, Scott Peterson and Brian Cruz arranged the 10-year fixed-rate loan on behalf of the borrower.
McGovern says, “Since acquisition, Manchester has instituted a capital expense program to continuously upgrade the property, including a new and upgraded façade and entrance, new lobby finishes and places to gather, and new creative tenant buildouts for prospective companies.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing


