June 24, 2015
San Diego-based firm Cruzan has purchased an office property in Del Mar Heights for $29.4 million. The company bought the Del Mar Corporate Plaza from Coast Income Properties in a deal brokered by DTZ.
The class A building totals 73,500 square feet over three stories. At the time of the sale it was 93 percent leased by tenants that include firms concentrating on the defense, finance, law and real estate industries.
DTZ, which leased the asset for the previous owner, will stay on board to continue those duties.