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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.”
- ◦Sale/Acquisition


