CarrAmerica Realty Corp. has acquired Chancellor Park, a two-building, 195,733-square-foot office project in San Diego.

The value of the transaction was approximately $56 million.

The class A property is located at 4510 and 4520 Executive Drive within the University Town Center submarket.

Completed in 1989, Chancellor Park is comprised of two four-story buildings and a three-story parking structure. Tenants in the building at the time of sale included BioCom, EMN8, and Reynolds & Reynolds.

CarrAmerica owns, develops and operates office properties in 12 markets throughout the United States.

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