SAN DIEGO—Chesapeake Park Plaza has been sold to Peregrine Realty Partners for an undisclosed sum. Rockwood Real Estate Advisors sold the 93,289-sq.-ft.building located at 9665 Chesapeake Dr. in San Diego.
“There was strong interest from all types of investors despite the asset’s mid-market characteristics. Such demand is telling of the limited supply of qualityand the high supply of equity needing to be placed,” said Sean Fulp, managing director and head of Western U.S. Investment Sales for Rockwood, in a statement.
The four-story, class-A office space is 80 percent occupied with tenants Molina Healthcare and Brown and Caldwell.