Bridgeway Real Estate Partners & LBX Investments Acquire Office Campus In San Diego For $43M

Bridgeway Real Estate Partners and LBX Investments acquired a 120,000 SF office campus located at 12520 & 12526 High Bluff Drive in San Diego for a sale price of $43,000,000, which equates to approximately $358 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $43,000,000
• Address: 12520 & 12526 High Bluff Drive
• Market: San Diego
• Square Footage: 120,000 SF
• Price per SF: $358
• Buyers: Bridgeway Real Estate Partners & LBX Investments
• Broker: Rick Reeder - Newmark
• Mortgage Brokers: Scott Peterson, Mark McGovern, Colby Matzke & Michael Kolcum - CBRE

Rick Reeder of Newmark represented the undisclosed seller in this transaction, while CBRE was responsible for securing acquisition financing for the buyers.