Crescent Coast Partners Acquires Office Building In San Diego From Peakstone Realty Trust For $30M

The property involved in the transaction is the Terraces at Copley, an office building located at 5887 Copley Drive in San Diego. Crescent Coast Partners acquired the asset from Peakstone Realty Trust for a price of $30 million, which translates to $146 per square foot. The total size of the building is 205,725 square feet and it was reported to be 70.7% leased at the time of sale, with Guild Mortgage as the anchor tenant in this Class A asset.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $30,000,000
• Square Footage: 205,725
• Price Per Square Foot: $146
• Address: 5887 Copley Drive
• Market: San Diego
• Buyer: Crescent Coast Partners
• Seller: Michael Escalante - Peakstone Realty Trust
• Brokers: Brad Tecca, Rick Reeder & Kevin Shannon - Newmark

The transaction was arranged by Newmark, showcasing the involvement of brokers Brad Tecca, Rick Reeder, and Kevin Shannon in facilitating this deal. The sale reflects renewed investor confidence in San Diego's stabilizing suburban office market as it heads into 2026.