FedEx property sold in San Diego

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Grubb & Ellis/BRE Commercial represented Hibiscus Investments in the purchase of the 76,822-square-foot Federal Express Building in San Diego, Calif. The value of the transaction was approximately $9.5 million.  The project, located at 1650 47th St., sits on 6.5 acres and is the office of Federal Express. The seller of the property was FEB San Diego. San Diego-based Grubb & Ellis/BRE Commercial is a privately held commercial real estate brokerage. *** What's your opinion? Send your Letter to the Editor to