AppFolio leases two floors at best-in-class San Diego office tower situated alongside new 442-unit luxury apartment community
San Diego CA— Cushman & Wakefield announced the firm has represented owner Sunroad Enterprises in the signing of an approximately 40,000-square-foot lease at Sunroad Centrum, an 11-story Class A office tower in central San Diego, California. The project’s newest tech tenant, AppFolio, a mobile property management software provider, signed a long-term deal to occupy the first and second floors of the 279,800-sf tower located at 8620 Spectrum Center Blvd in the city’s Kearny Mesa submarket.
Cushman & Wakefield’s Derek Hulse, Managing Director and Brett Ward, Executive Managing Director represented the landlord in the transaction.
“We are thrilled to welcome AppFolio as our newest tenant to the project, especially given the pause office leasing had taken during the pandemic. It is a significant positive indicator that such a premier tech tenant would select Sunroad Centrum,” said Dan Feldman, President of Sunroad Enterprises. “By developing a true world-class mixed-use environment with a great amenity base, we are able to deliver the highest caliber experience for our tenants and their employees.”
Derek Hulse added, “Sunroad Centrum is a premier, Class A office property offering companies unparalleled access and a highly-visible location situated directly along Route 163 with above-market parking, onsite amenities and proximity to an abundance of multifamily options for employees. We currently have proposals and interest on the entirety of the building—demonstrating how strong tenant demand is for the well-located, highly amenitized Class A projects, indicating a flight-to-quality in the post-pandemic environment.”
Ownership is in process of completing a modernized indoor/outdoor event space and lounge, a new meeting/conference center, a new fitness center, and a new building arrival and lobby experience. The building also resides within the master-planned Spectrum community that features over 2,500 residential units and counting, a two-acre park and an abundance of surrounding retail, restaurant and fitness services.
Adjacent to the office tower, Sunroad Enterprises is nearing completion of its new high-end apartment community Vive Lux expected to be finished in mid-2021. Vive Lux will be a fully amenitized community featuring a 2,500 sf gym, open-air lounge on the 5th floor, wine tasting room, cabanas, pool and pool room, hot tub, game room, activity center, concierge services, dog spa, bike storage, work center, private work room, and conference center. The apartment leasing center will also be on site.
According to the developer, the goal of Sunroad Centrum was to provide San Diego with a true mixed-use experience that would offer office tenants convenient, walkable housing options next door to their place of work in addition to amenities typically reserved for the apartment residents.