November 10, 2016 Comments Off on Swift Picks Up 67-Acre HP Campus in Sale-Leaseback Views: 358 California, California News, San Diego, West

Swift Picks Up 67-Acre HP Campus in Sale-Leaseback

San Francisco-based Swift Real Estate Partners acquired the HP Campus in San Diego’s Rancho Bernardo submarket from HP Inc. for an undisclosed amount. The 67.5-acre property includes seven office/R&D buildings and one Class A office building, totaling 782,211 square feet.

HP Inc. has owned and occupied the campus since the first building was constructed in 1970. The company plans to lease back 79% of the campus.

CBRE’s investment advisors Louay Alsadek, Alex Somerville and Hunter Rowe represented the seller, along with CBRE market expert Brad Black. The buyer was self-represented.

Alsadek says, “The HP San Diego Campus is a rare investment opportunity. There are very few properties of this size and scope in San Diego County, which resulted in significant interest from institutional buyers across the country.”

Connect With Swift Real Estate Partners’ Steve Blue

Connect With CBRE’s Alsadek

For comments, questions or concerns, please contact Dennis Kaiser

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