SAN DIEGO –– CBRE facilitated nine new leases at the recently renovated 4250 Pacific Highway in San Diego. These new leases totaled 26,000 sq. ft. and were signed over the last 18 months. CBRE’s Dick Balestri and Cole Martinez represented the building owner, Casey Brown Company, in the transactions.
“This property has recently undergone dramatic improvements, which make it an ideal option for companies working alongside the U.S. Navy,” said CBRE’s Balestri. “Over the next decade, this area will transform itself, and this building is the first building block of that transformation.”
The following tenants have signed new leases: CaVU Consulting (6,000 sq. ft.), Sellers and Associates (6,000 sq. ft.), Bright Ideas (4,200 sq. ft.), Xsite Engineering (2,400 sq. ft.), Archive Storage (2,400 sq. ft.), SalCo Electric (1,800 sq. ft.), J2E Technology (1,200 sq. ft.), Rhino California (1,200 sq. ft.) and Sage CS (1,200 sq ft).
The two-story office building was initially built in the 1980s. It was recently renovated, including a new exterior, paint, lighting, signage, new common areas and restrooms, repaved and striped parking lot and electronic car charging stations.
Three miles north of the San Diego International Airport, the plaza sits at the intersection of Barnett Avenue and Pacific Highway directly across from NAVWAR, the U.S. Navy’s hub for information warfare systems command. The building has suites available to lease ranging in size from 1,200 to 20,000 sq. ft.
The complex is within walking distance of numerous transportation and mixed-use developments, including Old Town San Diego’s transportation hub to access the Blue Line Trolley extension, and is one block adjacent to THE POST, an under-construction residential building at the Midway U.S. Post Office.
Including 4250 Pacific Highway, the Casey Brown Company’s portfolio offers a diverse list of repurposed properties. These include AMP&RSAND, the newly remodeled former home of the San Diego Union-Tribune and Contour, the former Wawanesa Insurance San Diego headquarters on Friars Road near the San Diego State University’s West Campus and the new Snapdragon Stadium.
“Our company strives to find unpolished gems in San Diego,” said Casey Brown, the company’s principal. “The Pacific Highway Plaza was one of those. It required renovations but now provides a great location for its tenants in an area that continues to develop.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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.