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Brixton Capital Secures Refi for Kearny Mesa Assets

CBRE Capital Markets’ Debt & Structured Finance arranged $14.4 million in financing on behalf of Brixton Capital for two office properties in San Diego’s Kearny Mesa neighborhood. The properties total 87,775 square feet and include Lomas Pacific I at 9619 Chesapeake Dr., and Lomas Pacific II at 9444 Farnham St.

The properties were originally built in 1983 and 1985, respectively, and renovated in 2017. Improvements include an interior and exterior refresh, new signage, elevator modernization, new lobbies and hallways, remodeled restrooms and landscaping. The buildings offer ample parking, outdoor seating and meeting areas, and are within walking distance to retail amenities.

CBRE’s Shaun Moothart, Bruce Francis, Bob Ybarra, Jennifer Ansari, Dana Summers and Doug Birrell arranged the non-recourse, interest-only loan on behalf of the Solana Beach-based borrower. The financing provides for future funding to build out tenant improvements, leasing commissions and capital expenditures.

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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.

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