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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.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing


