September 20, 2017
Irvine Company acquired Township 14, a two-building, 127,000-square-foot office project in San Diego’s Del Mar Heights, for an undisclosed amount. Eastdil Secured facilitated the transaction between TH Real Estate and Irvine Company.
Irvine Company Office Properties’ Doug Holte says, “We have long admired Del Mar Heights as one of the premier places in San Diego to do business alongside La Jolla UTC and Downtown. Our decision to acquire Township 14 is the latest sign of our long-term faith in San Diego as one of the most attractive regions in the world for forward-thinking, growth-minded companies.”
Township 14 opened on six acres in the 1980s as Del Mar Corporate Plaza. In 2014, following significant redevelopment by TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA), it was renamed after the plot of land first established in the 1880s that later became known as Del Mar.
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