SAN DIEGO — Bosa Development has acquired Five Thirty B, a 232,936-square-foot office building in downtown San Diego, for $53.2 million. The high-rise building is located at 530 B St.
The property underwent a $15 million renovation in early 2014 that included new restrooms, a redesigned lobby, a refurbished conference center with new audio/visual equipment, and a 15,000-square-foot sky terrace that wraps around the building’s third floor. Five Thirty B also features a roof garden and collaborative outdoor meeting space with plants, walking paths and private seating areas.
Five Thirty B is currently 78 percent leased to tenants like Lewis PR, NCRC Mediation, Nyhart and Smash Lab. CBRE’s Louay Alsadek, Andrew Taylor and Hunter Rowe represented both the buyer and seller, Kearny Real Estate Company, in this transaction.