September 8, 2015
Activity Business Center, a five-building office complex in the Miramar area of San Diego, was recently purchased by Lincoln Property Co. for just under $19.2 million.
BSREP Socal Activity, an affiliate of Brookfield Property, sold the asset, which totals 160,943 square feet. Lincoln represented itself in the deal, while DTZ was the representative for Brookfield.
Activity Business Center is currently 83 percent leased. Current tenants include H&R Block, Group Delta Consultants, and Quest Diagnostics, among others. Lincoln is doing both exterior and interior renovations of the property. The company owns and manages more than 12.5 million square feet of office, industrial and retail property in Southern California.