CarrAmerica lands California office plaza

Property comprises low-rise buildings

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CarrAmerica Realty Corp. acquired Corporate Plaza II, a 116,166-square-foot office property in San Diego, Calif. The value of the transaction was $35.6 million. Corporate Plaza II is comprised of two four-story, Class-A office buildings, which are located at 12626 and 12636 High Bluff Drive, and contain 57,560 square feet and 58,526 square feet, respectively. At the time of sale, the property was 77 percent leased. CarrAmerica owns, develops and operates office properties in 13 markets throughout the United States. *** What's your opinion? Send your Letter to the Editor to