Dallas-based Prentiss Properties Acquisition Partners purchased The Bluffs, a 4-story, 68,600-square-foot class A office building, in Rancho Bernardo, Calif.

The value of the transaction was $17.8 million.

The multitenant office property is located on a 3.4-acre parcel at 16870 West Bernardo Drive.

The seller was 16870 Bernardo Partners LP, in care of The McDonald Group.

At the time of sale, The Bluffs was 72 percent occupied. Major tenants include The University of Phoenix, Wachovia and First Choice Executive Suites.

Colliers International represented both the buyer and the seller in this transaction.

Colliers International is a provider of commercial real estate services.

***

Send tips or a letter to the editor to newsroom@inman.com or call (510) 658-9252, ext. 124.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription