Buchanan Street Partners has acquired The Vibe, a 276-unit multifamily community in Fort Collins, CO. The property, built in 2018, was sold by Milestone Development Group in a $74 mil ($268k/unit) transaction.
A Los Angeles-based private buyer bought an office building in Sorrento Mesa for $20.6 million, or $398 per square foot. The 51,690 square-foot property, located at 6059 Cornerstone Court West, has been fully leased since 2013 to Verimatrix.
Newport Beach-based Buchanan Street Partners divested a 51,690-square-foot office building in San Diego’s Sorrento Mesa submarket for $20.6 million, or $398-per-square-foot. Located within Cornerstone Heights Corporate Center, the building at 6059 Cornerstone Court West is 100% leased to San Diego-based Verimatrix.
A Los Angeles-based private buyer paid $20.6 mil for a 51.7k sf ($398/sf) office building in San Diego’s Sorrento Mesa area. The property was sold by real estate investment management firm Buchanan Street Partners.
Buchanan Street Partners based in Newport Beach sold the 51,690 square-foot building at 6059 Cornerstone Court West to a private investor who was not identified.
Buchanan Street Partners recently purchased a 2-building, 42,697-square-foot office investment for $11,500,000. The buildings are located at 1400 & 1420 Bristol Street North in Newport Beach, CA. Combined, the two buildings are currently 100% leased with below market rents.
Buchanan Street Partners purchased Kirby Interchange, a 293,000-square-foot, eight-building flex/office project in Houston, TX. The property, which is 80% leased, was sourced off-market and is located three miles south of Texas Medical Center, which is the largest medical center in the world.
Buchanan Mortgage Holdings closed a construction loan for The Orchard, a 177,000-square-foot mixed-use residential and retail development located in Azusa, CA. The $55 million loan will be used to build 163 market-rate apartments over 31,700 square feet of retail.
Buchanan Street Partners has acquired Newark Tech Park, a 99,716-square-foot, two-building office and life science project in San Francisco’s East Bay, which is 98% leased. Located at 8000 and 8100 Jarvis Avenue in Newark, CA, the property was purchased for an aggregate price of $26.2 million.
