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(Photo courtesy: CBRE)

Wawanesa Insurance Signs 73,970 Square-Foot Lease in Mission Valley, San Diego

San Diego CA— CBRE announced Wawanesa General Insurance has signed a 73,970 square-foot lease in Mission Valley, San Diego.

Bill Dolan, Rob Merkin and Ryan Grant of CBRE represented the landlord, H.G. Fenton Company, in the lease deal. Wawanesa Insurance was represented by an outside broker.

Located in Mission Valley Heights at 7650 Mission Valley Road, the two-story, freestanding building is in a full-service business park environment. The interior improvements were recently removed creating a fresh “white-box” condition and the building features top signage. The property features approximately 600 parking spaces.

The building is located within one mile of three major San Diego freeways: I-405, I-8 and SR 163. Both Fashion Valley and Westfield Mission Valley, two popular malls with many dining, retail and entertainment options, are within two miles of the property. The San Diego Trolley’s Green Line is in immediate proximity to the site.

“The property is centrally located in Mission Valley which boasts the largest retail market and second largest office market in San Diego County,” said Dolan. “The marketing team needed to source a tenant that could fully utilize the property’s unique surplus parking of eight spaces per 1,000 square-feet, which is well above the standard office parking ratio of four spaces per 1,000 square-feet. Wawanesa Insurance was the perfect match for what this property has to offer.”