Bridgeway Acquires Plaza Del Mar Offices for $43M

Bridgeway Real Estate Partners, in partnership with LBX Investments, acquired Plaza Del Mar, a 120,000-square-foot office campus in San Diego’s Del Mar Heights submarket, for $43 million. The property is located at 12520 and 12526 High Bluff Dr.

CBRE’s Debt and Structured Finance practice arranged the acquisition financing for the new owners. CBRE will also lease the property, with CBRE professionals identified as the leasing team. The article notes that High Bluff Drive has seen significant rent increases in recent years and describes Del Mar Heights as a vibrant office submarket with strong leasing activity and rent performance.