San Diego CA— CBRE arranged the financing of The Brookwood North San Diego Portfolio on behalf of Brookwood Financial Partners, LLC (“Brookwood”). The portfolio is a collection of seven best-in-class office properties within three campus settings across North San Diego County. The sponsor was exclusively represented by the CBRE Capital Markets team of Amy Julian, Christian Lee and José Lobón.
The portfolio totals approximately 485,000 square-feet and is designed with contemporary architectural aesthetic, flexible floor plates, extensive landscaping and numerous on-site amenities. Since acquiring the assets in 2015, Brookwood has invested more than $10 million in capital improvements on the portfolio.
“The project’s amenity-rich campus settings, with exceptional access to freeways and executive housing, has contributed to strong leasing momentum across the portfolio,” said Ms. Julian.
The lender, Värde Partners, is a leading global alternative investor based in Minnesota. The firm provided the $91 million, floating rate loan with a 4-year term.