CBRE Capital Markets announced that Omninet Capital acquired Mission Center Office Park from Kearny Real Estate Company. The three-building, 183,692-square-foot property located in the Mission Valley submarket of San Diego was 92 percent leased at the time of sale.
Louay Alsadek and Hunter Rowe of CBRE were the investment advisors in the transaction. Richard Gonor, Tony Russell and Brandt Riedman of Jones Lang LaSalle provided leasing market expertise.
“Mission Center Office Park’s ideal location, diversified tenant roster, and established history of excellent performance attracted significant interest from investors,” Alsadek said.
Omninet Capital, LLC, is a diversified investment firm comprised of experienced real estate operators and currently owns over 10 million square feet of commercial space and over 13,000 residential units across the country. Michael Danielpour, Partner at Omninet can be reached at Michael@omninet.com.
Kearny Real Estate Company is a vertically integrated operating company specializing in the acquisition, development, asset management and property management of office, industrial and land assets in Southern California.
Louay Alsadek and Hunter Rowe of CBRE were the investment advisors in the transaction. Richard Gonor, Tony Russell and Brandt Riedman of Jones Lang LaSalle provided leasing market expertise.
“Mission Center Office Park’s ideal location, diversified tenant roster, and established history of excellent performance attracted significant interest from investors,” Alsadek said.
Omninet Capital, LLC, is a diversified investment firm comprised of experienced real estate operators and currently owns over 10 million square feet of commercial space and over 13,000 residential units across the country. Michael Danielpour, Partner at Omninet can be reached at Michael@omninet.com.
Kearny Real Estate Company is a vertically integrated operating company specializing in the acquisition, development, asset management and property management of office, industrial and land assets in Southern California.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
