Hines and CalPERS purchase San Diego office complex

Three-building campus includes 220,000 square feet

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

International real estate company Hines has acquired an office complex in San Diego on behalf of National Office Partners Limited Partnership, its investment partnership with the California Public Employees' Retirement System.   The value and terms of the transaction were not disclosed.    The three-building, 220,000-square-foot, class A office campus is located on Vista Sorrento Parkway in the Del Mar Heights/Torrey Hills submarket of San Diego.   Secured Capital Corp represented the seller, and Hines represented itself in the transaction. Hines will assume property management and leasing responsibilities.   Pacific Plaza was designed by Brian Paul & Associates Architects & Planning. The buildings are set within an eight-acre campus situated on a bluff above Interstate 5 just north of the I-5 and I-805 intersection. Amenities include: state-of-the art building systems; 745 parking spaces in surface lots and two garages; a health club; and ocean and To...