Updated Nov 9, 2026
Angela M. Aman Of Kilroy Leases 53,764 SF Office To Greenberg Traurig And Snell & Wilmer
3661 Valley Centre Drive & 3611 Valley Centre Drive
Building Size
53,764 SF
Asset Type
Office
Closing
Nov 1, 2026
About this deal
AI
The property involved in this lease transaction consists of office spaces located at 3661 Valley Centre Drive and 3611 Valley Centre Drive in San Diego, CA, with a total square footage of 53,764. The asset is part of the Kilroy Centre Del Mar, which has seen a rise in demand for suburban office space. The asking rents in this market reached $4.75 per square foot per month, with an availability rate of 14.1%, contrasting with Downtown's 35.8% availability rate.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Angela M. Aman - Kilroy
- Tenant: Brian Duffy - Greenberg Traurig
- Tenant: Barbara J. Dawson - Snell & Wilmer
The lease agreements for the two largest law firm deals in San Diego during the third quarter of 2026 were signed by Greenberg Traurig and Snell & Wilmer. This development emphasizes the ongoing trend and preference for leasing office spaces within suburban regions.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93