Kearney Mesa Office Property Changes Hands for $18.5M
Solar Turbines, a manufacturer of industrial gas turbines, has purchased 4180 Ruffin Rd., a 73,000-square-foot office property in the Kearney Mesa submarket of San Diego. CBRE’s Matt Pourcho, Matt Harris and Anthony DeLorenzo represented the seller Gleich Real Estate in the $18.5 million transaction.
“We received over a dozen offers and had quite a competitive bidding process, despite rising interest rates,” said Pourcho in a news release. “Kearney Mesa is a thriving location with substantial growth in the future, and this property will provide the buyer with a prime corner location.”
The property consists of two separate, two-story buildings connected to a lobby. Solar Turbines currently occupies four large suites within the recently renovated facility, and also operates out of three other nearby buildings. Located just minutes from Interstate 15, the property is at the entrance to Sky Park Court, home to prominent technology and defense companies.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.