Cushman & Wakefield has announced the $18 million sale of The Plaza at 505, a 23,000-square-foot coastal boutique courtyard office complex in Solana Beach, CA. Cushman & Wakefield’s Joe Anderson and Brooks Campbell represented the seller, Beckman Properties while the firm’s Peter Curry represented the buyer, Lansing Companies.
“This is a sophisticated office asset located along the San Diego coast that the buyer can both utilize, while also maintaining control of this solid income-generating asset as an investor,” said Anderson in a news release. “The unique design and quality of The Plaza at 505 offered a rare opportunity to purchase one of North County’s most desirable office buildings.”
The building features distinctive entries and design elements and its location is just a short walk to numerous eateries and amenities. Additionally, The Plaza at 505 is situated less than a mile from the beach and Interstate 5.
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.