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BH Properties Acquires Hazard Center Mixed-Use in Mission Valley
BH Properties has continued a streak of acquisitions with the purchase of Hazard Center, a 405,250-square-foot mixed-use campus in San Diego’s Mission Valley. Terms weren’t disclosed.
Originally developed in the late 1980s, Hazard Center features a 15-story, 270,000-square-foot, Class A office tower and more than 135,000 square feet of retail space. The acquisition follows BH’s 2024 purchases of downtown Seattle’s Pacific Place Shopping Mall and Anchorage Square in San Francisco.
Eastdil Secured’s Adam Edwards, Justin Shepherd, Michael Kathrein and Bailey Bland served as the exclusive advisor to the seller and marketed the property. BH and Eastdil have now completed more than $580 million of transactions together.
“We have had San Diego County on our list of preferred markets for quite some time,” said Jim Brooks, president of BH Properties. “Hazard Center, with its terrific location in central San Diego along with its roster of strong retail brands , checks all the boxes and expands our footprint in California. Our track record with Eastdil Secured has contributed greatly to our growth.”
- ◦Sale/Acquisition
