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Harbor, Ascentris Buy Rancho Bernardo Asset
Harbor Associates, LLC and Ascentris acquired The Pinnacle, a 110,110-square-foot, five-story Class A office building located in the north San Diego submarket of Rancho Bernardo. Completed in 2007 and currently 93% leased, the property is the submarket’s newest office building and is the only property able to offer tenants subterranean parking.
Located just 25 miles north of downtown San Diego, the new owners plan to execute a capital improvement plan to enhance the tenant experience. That includes creating new outdoor covered seating and collaborative workspace with canyon views, modernizing the bike storage and locker room area, and refreshing the ground floor lobby.
The Pinnacle represents Harbor’s third office acquisition in San Diego, following the acquisition of The Bungalows at Del Mar in May 2018. Harbor is a joint venture with The Bascom Group, LLC.
JLL’s Lynn LaChapelle and Bob Prendergast represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


