SAN DIEGO – May 11, 2015 – (RealEstateRama) — DTZ, a global leader in commercial real estate services, announced today the $12.2 million sale of 3209 Lionshead Avenue, a 74,000 square foot, single-tenant corporate headquarters building strategically located in Carlsbad, CA.
DTZ’s Rick Reeder, Brad Tecca, Dennis Visser and Aric Starck represented the buyer, San Francisco-based Graymark, and seller, Irvine, CA-based LBA Realty, in the transaction.
“This marks Graymarkks first purchase in San Diego,” said Mr. Tecca. “We’re seeing increased interest from outside parties, as potential returns on the investments are greater here than in many other regions. It’s our job to find mutually beneficial opportunities for all concerned. It was an honor to do so for both Graymark and LBA Realty.”
The property is leased by prAna, a wholly-owned subsidiary of Columbia Sportswear Company (NASDAQ; COLM).
DTZ is a global leader in commercial real estate services providing occupiers, tenants and investors around the world with a full spectrum of property solutions. The company’s core capabilities include agency leasing, tenant representation, corporate and global occupier services, property management, facilities management, facilities services, capital markets, investment and asset management, valuation, research, consulting, and project and development management. DTZ provides property management for 1.9 billion square feet, or 171 million square meters, and facilities management for 1.3 billion square feet, or 124 million square meters. The company completed $63 billion in transaction volume globally in 2014 on behalf of institutional, corporate, government and private clients. Headquartered in Chicago, DTZ has more than 28,000 employees who operate across more than 260 offices in 50 countries and represent the company’s culture of excellence, client advocacy, integrity and collaboration. For further information, visit: www.dtz.com or follow us on Twitter @DTZ.
David Oates, APR
david (at) stalwartcom (dot) com