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California  + San Diego  + Healthcare  | 

Turner Impact Capital Trades Scripps-Anchored Chula Vista Property

 JLL Capital Markets completed the sale of 450 4th Ave., a nearly 37,000-square-foot medical outpatient building in Chula Vista. The firm’s Medical Properties Group represented the seller, Turner Impact Capital, and procured the buyer, Cypress West Partners in a joint venture with TPG Angelo Gordon. Terms of the sale were not disclosed.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by director Matt DiCesare and senior managing director Evan Kovac.

450 4th Ave. is located on the campus of the 173-bed Scripps Mercy Hospital Chula Vista. The four-story property serves the broader southern San Diego area and is located between the 5 and 805 Freeways. Renovated in 2015, it is currently leased to 12 tenants, including anchor tenant Scripps Health.

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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