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Irvine Company Acquires 200K-SF Del Mar Heights Asset
Irvine Company continued its expansion into Del Mar Heights, acquiring Gateway at Torrey Hills, a two-building, 198,000-square-foot campus in San Diego for $105 million. Cushman & Wakefield’s Rick Reeder and Brad Tecca handled negotiations on behalf of the seller, an unnamed institutional real estate investor.
The property includes two, four-story buildings and features stone and glass façades, flexible floor plates, modern interior features and generous on-site parking. The multi-tenant campus is easily viewed from the I-5 Freeway at Carmel Mountain Road.
Irvine Company Office Properties’ Doug Holte says, “Our decision to acquire Gateway at Torrey Hills is another sign of our long-term faith in San Diego as a nationally-recognized center of innovation.” He notes the acquisition aligns with its focus on vibrant workplace communities within markets that deliver a remarkable combination of attractive housing, recreation, retail, transportation, as well as access to workforce talent and leading businesses.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


