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Parallel Capital Partners Buys Sky Park Office Plaza in San Diego for $50.6M

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Located in San Diego, Sky Park Office Plaza features 203,258 square feet of Class A office space.

SAN DIEGO — San Diego-based Parallel Capital Partners has acquired Sky Park Office Plaza, a Class A office complex located at 9275 and 9325 Sky Park Court in San Diego’s Kearny Mesa submarket. Blackstone/Equity Office Properties sold the two-building asset for $50.6 million.

Built in 1986, the 203,258-square-foot property features a three- and four-story, glass-and-concrete office complex with steel frame construction and large flexible floor plates. Amenities include an on-site café and full-service gym.

At the time of sale, the property was 96 percent leased to a variety of tenants, including Union Bank, Qualcomm, Liberty Mutual Insurance, The Travelers Indemnity Co. and Molina Healthcare.

Nick Psyllos and Michael Leggett of HFF represented the seller, while Parallel was self-represented in the transaction.

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