facebook
Traded Co logo
Submit

Holland Partner Group Leases 87,000 SF Mixed-Use Space To San Diego Association Of Governments (SANDAG) In San Diego

Property Image
LEASED
$5
Nick Norris
Jon Hamby
+ 2

California

See Similar Deals
Mixed-use87,000 SF
Leased 08/11/2023
the dealplayerscompscontact
Property Image
LEASED

Holland Partner Group Leases 87,000 SF Mixed-Use Space To San Diego Association Of Governments (SANDAG) In San Diego

1011 Union Street

See Similar Deals
Mixed-use87,000 SF
Leased 08/11/2023
Nick Norris
Jon Hamby
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$5
Total Square Footage:87,000 SF
Transaction Type:Lease

The mixed-use property located at 1011 Union Street in San Diego has recently been leased. The property consists of office space, and the lease agreement spans a term of 15 years. The tenant, San Diego Association Of Governments (SANDAG), has preleased 87,000 square feet at West (1011 Union St.), which accounts for approximately 30% of the office space while still under development.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: Not provided
  • Address: 1011 Union Street, San Diego
  • Market: San Diego
  • Landlord: Holland Partner Group - Brent Schertzer & Todd Majcher; Lowe - Mike McNerney, Juan Arriaga & Mara Fabian
  • Tenant: San Diego Association Of Governments (SANDAG)
  • Landlord's Rep: Richard Gonor & Tony Russell - JLL
  • Tenant's Rep: Brian Gruber, Nick Norris & Jon Hamby - Range Partners (not pictured)
  • Asking Rent: $5.25 per square foot

The deal was facilitated by the landlord's representatives, Richard Gonor and Tony Russell of JLL, and the tenant's representatives, Brian Gruber, Nick Norris, and Jon Hamby of Range Partners. The leasing agreement marks a significant milestone for SANDAG as they secure a substantial portion of the office space at the West property during its development phase.

Players

Richard Gonor
2 deals(858) 410-1243
BROKER




Details

LEASED
IMAGE: Brent Schertzer, Juan Arriaga, Tony Russell, Mara Fabian, Richard Gonor, Mike McNerney & Todd Majcher DATE: 08/11/2023 ADDRESS: 1011 Union Street MARKET: San Diego ASSET TYPE: Mixed-use LANDLORD: Holland Partner Group - Brent Schertzer & Todd Majcher; Lowe - Mike McNerney, Juan Arriaga & Mara Fabian TENANT: San Diego Association Of Governments (SANDAG) LANDLORD'S REP: Richard Gonor (@Richardgonor) & Tony Russell (@Trussdevils) - JLL (@JLL) TENANT’S REP: Brian Gruber, Nick Norris & Jon Hamby - Range Partners (not pictured) ASKING RENT: $5.25/ft ~ SF: 87,000 LEASE TERM: 15 years NOTE FROM LANDLORD'S REP: SANDAG has preleased 87,000 sf at West (1011 Union St.) or 30% of the office space while under development

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Effective Rent (Annual)

$498,678.75

Total Lease Value

$4,986,787.50

Net Landlord Cash Flow$498,678.75