Kilroy has a Pardee with 23-Acre Development Site in Del Mar Heights

A 23-acre site in San Diego’s Del Mar Heights submarket, said to be the last developable parcel of land in the area, was acquired by Kilroy Realty Corp for $87.9 mil ($87/sf). It was sold by Pardee Homes, the LA-based home builder.


The site, located in Del Mar Heights within the 102-acre San Diego Corporate Center and adjacent to I-5, offers superb regional access via I-5, I-805 and state Route 56, as well as convenient access to the surrounding affluent communities. It consists of three legal parcels currently entitled for approximately 500k sf of corporate office space and is the last office development site within the San Diego Corporate Center campus.

Kilroy, the West LA-based commercial real estate owner and developer, has been very active in San Diego County with a current portfolio of about 5 msf in the region. This includes 1.5 msf located within the Del Mar submarket, with the ability to develop an additional 2 msf.

Rick Reeder and Dave Odmark of Grubb & Ellis|BRE Commercial represented both parties in the land buy and have repped Pardee Homes for over 12 years in their previous land sales within the San Diego Corporate Center.

Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.

source: rentv.com