AMP&RSAND. Picture courtesy of Cushman & Wakefield
Turner Building Co. has signed a 15,936-square-foot lease at Casey Brown Co.’s AMP&RSAND, a inventive workplace property in San Diego’s Mission Valley neighborhood. Cushman & Wakefield’s Derek Hulse, Morgan Reno and Brett Ward brokered the deal on behalf of the owner, whereas Duncan Dodd represented the tenant.
Turner Building’s lease marks the fourth settlement brokered by Cushman & Wakefield at AMP&RSAND. Most not too long ago, the agency organized for structure design, engineering and planning agency Harley Ellis Devereaux Corp. to signal a ten,549-square-foot lease on the location.
READ ALSO: Key Concerns for Adaptive Reuse Initiatives
In a ready assertion, Reno talked about that AMP&RSAND presents a office setting to satisfy the post-pandemic flight-to-quality development. In response to Casey Brown Co.’s Founder, President & CEO Casey Brown, the workplace campus was reimagined to satisfy the wants of its diversified tenant roster, which incorporates Midland Credit score Administration, QDOBA Mexican Eats and Encore Capital Group, amongst others.
In response to a current CommercialEdge report, workplace emptiness charges pursue an upward trajectory at a nationwide stage. San Diego had a 14.5 p.c emptiness price as of October, the bottom amongst different main Western markets.
Assembly the flight-to-quality demand
CommercialEdge information exhibits the proprietor picked up the asset again in 2015 for $52 million from Manchester Monetary Group. The 343,000-square-foot property was initially accomplished in 1975, serving for a few years as a campus for The San Diego Union-Tribune.
Representing the redevelopment of a five-story workplace constructing and a three-story printing press facility, AMP&RSAND got here on-line in 2018 and obtained the Greatest Challenge Renovation/Restoration in Southern California award in 2019. Wolcott Structure, Gilliland Building Administration and Coffman Engineers labored on the adaptive reuse mission.
Situated at 350 Camino De La Reina on a 13-acre website, AMP&RSAND encompasses two Class A workplace buildings providing area flexibility for small and enormous tenants. Facilities embody a health middle, yoga studio and connoisseur café, in addition to conferencing rooms, workspaces and assembly locations.
The Trend Valley Trolley Station in addition to a number of retail, eating and leisure hubs are inside strolling distance of the property. San Diego Worldwide Airport is a few 7 miles away.
