Forester Properties announced they have acquired 110 Plaza in Downtown San Diego for a reported $80 million. The 18-story class A tower is located at 110 West A Street and is listed at nearly 326,000 square feet. The purchase marks the first time in 3 years that a downtown tower has changed hands with the last known purchase being the Diamond View Tower.
The transaction reportedly took less than 30 days to close after the property went under contract and the sale is hopefully a sign that institutional investors will be returning to the market. If you’re looking to lease space in downtown, contact us today and we can help you find your next office.