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California  + San Diego  + Office  | 

$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.”

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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.

  • ◦Financing