Plaza 2020 deal completed

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Plaza 2020, a class A office building in San Diego, Calif., has sold for approximately $30.5 million to a limited liability company. The 107,072-square-foot property, located at 2020 Camino Del Rio North, is situated on more than 3 acres. It was 92 percent leased at the time of sale, and major tenants included MGC Communications, Acacia Pacific Holdings and New England Life Insurance. Area 8 LLC sold the facility to The Realty Associates Fund VIII L.P. The property was originally constructed in 1970 as home to the Veterans Administration. In 2000, the project was completely rehabbed and converted to a class A office tower as part of a mixed-use development surrounded by retail shopping. ...