June 16, 2015 Comments Off on Downtown San Diego Offices Command $44M Views: 244 California News, San Diego

Downtown San Diego Offices Command $44M

Two offices buildings in Downtown San Diego have traded for $44 million. Lowe SD California Property LLC, an affiliate of New York City-based Maidman & Mittelman sold the assets, while San Diego-based Cisterra Partners LLC was the buyer.

The buildings are located at 1200 Third Ave. and 201-209 A St. The city’s government leases a majority of both assets and has a lease-to-own deal to purchase both after 20 years.

The Third Avenue asset is also known as Civic Center Plaza and totals 18 stories, while the other property is three stories.

Read More at San Diego Business Journal

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