Press Release brought to you by HFF

Sale of downtown San Diego Class A office tower closed by HFF

04/13/2016

SAN DIEGO, CA – April 13, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of 610 West Ash, a 19-story, 177,489-square-foot, Class A office tower in San Diego’s Little Italy neighborhood.

HFF marketed the property on behalf of the seller.  A partnership between Gemini Rosemont and Central Properties purchased the asset for an undisclosed amount.

610 West Ash is located in San Diego’s Little Italy neighborhood, which is an urban mixed-use community within the downtown submarket.  The property is the only Class A high-rise office building in Little Italy and is 98 percent leased to tenants including ESET, Department of Homeland Security and the Environmental Protection Agency.  610 West Ash also features a nine-level, 397-space parking garage.  

The HFF investment sales team representing the seller was led by senior managing directors Nick Psyllos, Ryan Gallagher and Michael Leggett, who is also co-head of HFF’s West Coast team, and director Nick Frasco.

About Gemini Rosemont Commercial Real Estate
Headquartered in Santa Fe, New Mexico, Gemini Rosemont Commercial Real Estate is a market leader in commercial real estate acquisition and asset management. The company and its affiliates’ portfolio is comprised of approximately 15 million square feet in 113 buildings in 21 states across the U.S.

Since October 2010, Gemini Rosemont has acquired approximately 6.8 million square feet of Class A and B multi-building office assets in select secondary markets valued at more than $950 million. As of December 2015, Gemini Rosemont has sponsored 165 investment vehicles, deployed over $805 million of investor equity to make more than $2.5 billion in purchases, and acquired/managed approximately 30 million square feet of commercial real estate.

Founded in 1992, Gemini Rosemont employs 200 real estate and other professionals. It has 11 regional offices located in Albuquerque, Atlanta, Chicago, Dallas, Denver, Houston, Los Angeles, New York, Peoria, San Antonio and Tulsa. For more information, please visit GeminiRosemont.com.

About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.  For more information please visit hfflp.com or follow HFF on Twitter @HFF.

Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

Source

HFF

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