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California  + San Diego  + Office  | 

Crown Claims Sorrento Mesa Campus from Bixby

The Oberlin, a three-building, 62,424-square-foot creative office campus in San Diego, has been sold for $20.4 million. Irvine CA-based Crown Realty & Development acquired the property from Newport Beach, CA-based Bixby Land Company.

The campus is located in the Sorrento Mesa submarket at 5889, 5893 and 5987 Oberlin Dr. The property underwent a $6.9 million renovation in 2016, and features maximum tenant flexibility and integration between indoor and outdoor spaces with fully furnished patios.

JLL’s Bob Prendergast, Lynn LaChapelle, Sach Kirpalani and John Morrison represented the seller. The buyer, and its affiliate CPF Oberlin Associates, LLC, was self-represented.

Prendergast says, “The Oberlin provided Crown Realty & Development with the opportunity to acquire a modernized and fully repositioned property in a premier location with strong upside potential and an opportunity for stabilization.”

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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.

  • ◦Sale/Acquisition
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