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California  + San Diego  + Office  | 

Rancho Bernardo R&D/Lab Portfolio Fetches $31M

JLL Capital Markets arranged the $30.8-million sale of an R&D/Lab portfolio in Rancho Bernardo in San Diego. The firm worked on behalf of the seller, Montana Avenue Capital Partners, LLC, and procured the buyer, Dollinger Properties.

The portfolio, comprised of two fully leased buildings located at 16981 Via Tazon and 11501 Rancho Bernardo Blvd., offers a combined rentable area of approximately 90,000 square feet.

The JLL Capital Markets team was led by Bob Prendergast and Lynn LaChapelle along with agency partners Tim Olson and Greg Moore.

“The Rancho Bernardo submarket continues to be an attractive investment destination,” said Prendergast. “This offering presented the investor the opportunity to secure a property with a committed tenant who has invested significant capital into its lab and office space. The assets are proximate to major highways and are integrated in the greater I-15 Technology Corridor.”

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JLL's Prendergast

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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