Friday, December 21, 2007

Medical/Office Condo Buyers in Santee can Enjoy RiverView

Ryan Companies just completed a six-building, 63.5k sf medical/office project, which represents phase II of RiverView at Santee, a 108-acre master-planned business park. Upon full build-out, the campus is expected to contain 1.9 msf of office, corporate HQ, R&D and retail real estate. The one- and two-story buildings in the first phase range from 6.9k sf to 13.6k sf.


Designed by Pacific Cornerstone Architects and located on Riverview Pkwy adjacent to Santee Trolley Square, the environmentally-friendly, LEED-designed office buildings feature stone and tile finishes plus condo maps for divisibility and re-sale potential. The office/medical condos are being offered in units as small as 1.4k sf.


The RiverView master-plan also calls for residential condos, entertainment components such as a proposed movie theater and additional office and R&D buildings ranging from 55k sf up to 200k sf.

Chris Pascale, Ron Bement and Matt Pourcho of CB Richard Ellis are the project’s exclusive marketing, sales and leasing team. With negotiations under way on a majority of the buildings, Pourcho believes Santee is becoming more attractive to investors and business owners.

“Santee is a great location to buy a building due to the abundance of new amenities, transportation corridors, reverse commute and, most importantly, price,” Pourcho said. “RiverView has higher quality Class A buildings than most of the adjacent communities and are priced close to 20 percent below the nearest competition.”

Minnesota-based Ryan Companies currently has over 1 msf of proposed commercial real estate in the San Diego pipeline including RiverView at Santee and The Towers at Bressi Ranch in Carlsbad. Ryan Cos. was named 2007 Developer of the Year by NAIOP

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source: rentv.com

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