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San Diego Real Estate Firm Sells Downtown Towers for $274 Million.
Byline: Mike Freeman
Jun. 17--Three downtown San Diego office buildings, including the distinctive Emerald Plaza tower, have been sold to a Santa Ana real estate firm for a combined $274.5 million.
While the sales prices for each individual high-rise fell short of some other recent sales, the combined transaction is believed to be the largest office-building deal in San Diego history.
Triple Net Properties bought the 30-story Emerald Plaza at 420 W. Broadway, the 24-story Comerica Building at 600 B St., and the 22-story Golden Eagle Plaza at 525 B St.
Southwest Value Partners sold the towers, which the privately held San Diego real estate firm has owned since the mid-1990s. Southwest declined to say how much it paid originally for the …
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