A partnership between Harbor Associates, LLC and F&F Capital Group has recently purchased Highlands Corporate Center in San Diego. The five-building office campus spans 211,000 square feet and is classified as Class A. The exact terms of the deal were not disclosed.
The property is located at 12730-1278 High Bluff Dr. in Del Mar Heights, approximately 20 miles north of downtown San Diego. It has a high occupancy rate of around 90%, which can be attributed to its recent extensive renovations over the past few years. Its prime location across from One Paseo, a large mixed-use development with retail, residential and office space options also contributes to its leasing success.
According to Rich McEvoy from Harbor Associates: “Office demand varies greatly depending on location and building quality; Highlands is an excellent example of this trend.” He further explains that the project’s proximity to over forty restaurants at One Paseo makes it highly desirable for tenants looking for convenience.
The seller was advised by Eastdil Secured’s Adam Edwards, Justin Shepherd and Bailey Bland during this transaction.
