December 5, 2016 Comments Off on Summit Pointe Building, Dev Site Acquired for $31.4M Views: 275 California, California News, San Diego, West

Summit Pointe Building, Dev Site Acquired for $31.4M

Carlsbad, CA-based Newport National Corp. acquired a 20.95-acre site containing a 146,549-square-foot, Class A office building in San Diego’s Sabre Springs/I-15 Corridor submarket for $31.36 million. The property is entitled for 325,800 square feet of multi-tenant office space.

Newport National plans to revitalize the existing building that was constructed in 2000. Development of a second, 179,250-square-foot multi-tenant building will create an innovative office campus named Summit Pointe.

Initial plans for Summit Pointe include a revised building exterior, new lobby and multi-tenant common areas with indoor/outdoor venues, a conference center, and indoor/outdoor fitness center. Plans also include enhanced outdoor site amenities, including an outdoor kitchen/bar, sports courts, collaboration areas, fire pits, an event conference terrace, and a food truck venue with dining areas.

Colliers International’s Mark McEwen and Chris Williams represented the seller, HD Supply. The buyer was self-represented.

Connect With Colliers’ McEwen

For comments, questions or concerns, please contact Dennis Kaiser

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , ,

Comments are closed.