Sale of three-building corporate headquarters campus in San Diego closed by HFF
SAN DIEGO, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Campus at Copley, a three-building, 101,571-square-foot corporate headquarters office campus in San Diego, California.
HFF marketed the asset on behalf of the seller, HighBrook Investment Management, LP. The property was purchased by The Gildred Companies.
Campus at Copley is situated on nearly seven acres at 5751, 5761 and 5771 Copley Drive between Interstate 805 and Route 52 in the Kearny Mesa submarket of San Diego. This location offers substantial power infrastructure and excellent fiber connectivity with multiple fiber optic options for a telco facility, a building use making up approximately one-third of the rent roll. The property is 96 percent leased to four tenants including XO Communications, EdgeConneX, Reva Medical and Kleinfelder with a weighted average remaining lease term of more than six years.
The HFF investment sales team representing the seller was led by senior managing director Nick Psyllos and director Nick Frasco.
About Highbrook Investement Management, LP
HighBrook is a New York-based real estate private equity firm that was founded in 2010, as a unique entity bringing to bear the best practices from both the private equity and hedge fund industries. As a value-oriented investor, HighBrook acquires and actively manages previously underperforming income producing property investments on a national basis. The firm specializes in recapitalizing properties that are encumbered by complicated financial structures, through executing transactions that typically require speed, flexibility and substantial capital infusions. As an entrepreneurial and well-capitalized organization, HighBrook is uniquely positioned in the marketplace. For further information on HighBrook Investors or if you wish to contact us, please visit: HighBrookInvestors.com
About The Gildred Companies
The Gildred Companies began in 1929 with construction and operation of the landmark San Diego Fox Theater Building (now Copley Symphony Hall and Symphony Towers). Today the Gildred Companies is a diversified company with assets throughout Southern California including a portfolio of industrial and business parks, new developments in real estate and renewable power, and strategic investments in complementary business opportunities. www.gildredco.com
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.