SPOTLIGHT ON SAN DIEGO: TIAA-CREF Takes Kearny Mesa Office Asset

The Copley Corporate Center in the Kearny Mesa submarket has recently traded hands.

In a $43.5 million deal, an affiliate of TIAA-CREF has acquired Copley Corporate Center in the Kearny Mesa submarket. The deal was arranged by Louay Alsadek, Kevin Shannon, Rob Merkin, Brad Black and Hunter Rowe of CBRE Group Inc. on behalf of Colony Realty Partners.

Located at 5855 Copley Drive, the three-story office building totals 120,489 square feet of space. The three-story building is readily accessible by I-805, SR-163 and Highway 52. Copley Corporate Center was completed in 2001 on a 5.3-acre site and includes a four-story parking garage that can accommodate 585 vehicles.

According to rentv.com, the facility is currently fully leased to Rady Children’s Hospital, UCSD/UC Regents and Kaiser Permanente. Property amenities include a fitness center with showers, a large cafeteria with an outdoor patio/eating area, and raised floor computer room. The property offers spacious floor plans destined for open office configurations, and 10-foot ceiling heights. Access to the building is via key card.