California + Office | January 18, 2017

Bixby Land Sells Kearny Mesa Asset for $30M

Newport Beach, CA-based Bixby Land Co. sold AERO, a 4-story office building in San Diego for $30.1 million. The buyer was AVID Center, a San Diego-based college readiness company that plans to occupy roughly half of the 92,463-square-foot building.

Bixby Land Co.’s Bill Halford said, “This project presented the opportunity to take an innovative approach in developing a building unlike anything else in the Kearny Mesa submarket.”

A $5-million re-positioning transformed the project with polished concrete floors, exposed ceilings and open floor plans to meet the contemporary work environment needs of today’s progressive companies. Roughly 20,000 square feet was added, and custom overhead doors now open up to an energetic outdoor gathering area. AERO includes a fitness center with showers, bicycle storage, a lobby lounge area, and garage parking.

Hughes Marino’s John Jarvis represented the buyer. Cushman & Wakefield’s Derek Hulse represented the seller.

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With Bixby Land Co.’s HalfordConnect With Hughes Marino’s JarvisConnect With Cushman & Wakefield’s Hulse

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.

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