Prentiss Properties and Southwind Construction Inc. have leased 78,198 square feet in a planned office building to a local law firm in Del Mar, Calif.
The value of the transaction was $29.9 million.
Morrison & Foerster LLP, a law firm with 1,000 lawyers in 19 offices worldwide, will lease the space at 12531 High Bluff Drive for 120 months. This 3-story and 4-story class A corporate office complex totals 157,859 square feet.
Morrison & Foerster intends to use this space as its San Diego headquarters. June 2005 is the tentative occupancy date for the office complex.
Dave Odmark, Rick Reeder, and Justin Halenza of Grubb & Ellis/BRE Commercial represented the Prentiss and Southwind. Brian Ffrench of Corporate Real Estate advisors represented Morrison & Foerster.
Prentiss Properties is a full-service real estate company with expertise in acquisitions, development, construction, property management and leasing.
Southwind Construction is a general construction and real estate development firm, developing both commercial properties and residential communities.
San Diego-based Grubb & Ellis/BRE Commercial is a privately held commercial real estate brokerage company.
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