Grubb & Ellis/BRE Commercial recently announced the sale of a three-building office portfolio totaling 234,654 square feet in San Diego. The total value of the portfolio was $47.3 million. The Rio Vista building, located at 8885 Rio San Diego Drive, is a three-story, 108,411-sqaure-foot office building. The property sold for $22.4 million. Other features of the project include a full-service gourmet deli and a conference facility. The project was approximately 92 percent leased at the time of sale. Kearny Mesa Crossroads, located at 3750-3760 Convoy St., is comprised of two, three-story buildings totaling 126,243 square feet. The property sold for $24.9 million. The project has many features that include upgraded common areas, a conference facility and a work-out facility. At the time ...
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