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Hill Properties Lands Kearny Mesa Business Park

Voit Real Estate Services directed the sale of Futura Business Park, a three-building multi-tenant office property totaling 51,229 square feet in San Diego’s Kearny Mesa submarket for $11.2 million. The buyer was La Jolla-based Hill Properties, while the seller was Otay Terminal – Farnham St., LLC.

Voit’s Randy LaChance, Ryan Bracker, and Arthur Bleier represented both buyer and seller. LaChance says, “With 90% occupancy among a diverse roster of tenants, this asset delivers immediate stable cash flow as well as a tremendous opportunity for future value creation.”

Significant upgrades are planned at the property, including exterior and interior improvements, as well as a repositioning as a more creative offering to meet current tenant demand. The single-story property at 9445, 9455, and 9465 Farnham St. features an extensive glass line and multiple entry points to accommodate a variety of suite sizes, which deepens the opportunity to build out creative suites that attract new tenants from a variety of sectors.

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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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