San Diego CA— CBRE announced that local real estate investment and development firm, SENTRE, purchased West Bernardo Corporate Center, an office campus in Rancho Bernardo, San Diego for an undisclosed amount.
CBRE’s Louay Alsadek and Hunter Rowe represented the institutional seller in the transaction. SENTRE represented itself as the buyer. Jay Alexander and Tim Olson with JLL were the leasing experts on the sale and will retain the leasing of the project.
Located 15822 Bernardo Center Drive, the 60,313 square-foot, freestanding building was originally built in 1985 and underwent a significant renovation in 2018. West Bernardo Corporate Center is 82 percent leased to a diverse tenant roster consisting of companies in the technology, design and construction, and food and beverage industries. The office campus features floor-to-ceiling window lines and 227 parking spaces.
The building is located in the Rancho Bernardo submarket, one of San Diego’s top corporate research markets and innovation hubs. Within walking distance of West Bernardo Corporate Center are 15 restaurants and shops at High Country Plaza. The property is surrounded by executive and workforce housing, as well as nationally ranked schools.
“West Bernardo Corporate Center is well-positioned to appeal to San Diego’s diverse tenant base and thriving technology companies that require both executive offices and R&D space,” said Alsadek. “Unlike other commodity office buildings, this property features collaborative designs throughout and outdoor common spaces that promote interactions and quality of work life.” SENTRE’s immediate plans for the building include an overall rebrand of the property, enhanced signage and an art installation, drought-tolerant landscaping and creation of outdoor patio spaces for each tenant.
Doug Arthur, President and CEO of SENTRE, said, “The Rancho Bernardo submarket has long represented the core for corporate users in the San Diego region. We believe West Bernardo
Corporate Center to be among the most unique assets in the market, unrivaled in its ceiling heights and open creative feel for users of all types. We are eager to further invest in creating a one of a kind office environment.”
Scott Peterson, Bill Chiles, Morgon Fraser and Brian Cruz of CBRE organized financing for the transaction.