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City Of San Diego Leases 43000 Square Feet Office Space At Five50West In San Diego

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LEASED

California

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Office43,000 SF
Leased 10/15/2024
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LEASED

City Of San Diego Leases 43000 Square Feet Office Space At Five50West In San Diego

550 West C Street

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Office43,000 SF
Leased 10/15/2024
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:43,000 SF
Transaction Type:Lease

The asset involved in this transaction is an office property located at 550 West C Street in San Diego, featuring a total square footage of 43,000. This property is situated within a recently renovated 20-story building known as Five50West, which is designed to meet modern working environment standards.

Summary of transaction details:

JLL has facilitated a lease agreement for the City of San Diego to occupy the specified office space at Five50West, highlighting the increasing demand for flexible office layouts in the area. The brokers involved in this transaction are Bess Wakeman, Richard Gonor & Tony Russell, who represent the interests of the tenant in this deal.

Players

Richard Gonor
2 deals(858) 410-1243
BROKER


Details

LEASED
IMAGE: Bess Wakeman, Richard Gonor & Tony Russell DATE: 10/15/2024 ADDRESS: 550 West C Street MARKET: San Diego ASSET TYPE: Office ~ SF: 43,000 TENANT: City of San Diego BROKERS: Bess Wakeman, Richard Gonor (@RichardGonor) & Tony Russell - JLL (@JLL) NOTE: JLL has secured a 43,000-square-foot office lease for the City of San Diego at Five50West, a recently renovated 20-story building in downtown San Diego, set for move-in later this year. This lease follows a trend of increased activity at the property, which offers flexible spaces ranging from 2,000 to 80,000 square feet and features modern amenities designed to attract top talent.

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Deal Type
Effective Rent (Annual)

$2,464,734.05

Total Lease Value

$24,647,340.52

Net Landlord Cash Flow$2,464,734.05