120,000 square foot super block in downtown San Diego.
Douglas Wilson Companies (DWC) was engaged to maximize value of the existing 90,000 square foot site through negotiating a Disposition and Development Agreement (DDA) with CCDC, now known as Civic San Diego. The DDA called for dedication of a 45,000 square foot park on site in exchange for a transfer of 180,000 square feet of density. Subsequently, exclusively engaged to sell the asset.
Conducted negotiations with CCDC and prepared a worldwide marketing campaign directed at apartment and condo developers. Set up a physical and online war room and conducted a transaction involving a government agency, a foreign purchaser and a family seller.
Property sold for (in excess of) $33 million. The price per square foot set a new high for the submarket.
Douglas Wilson Companies
CO, CA NV, AZ, NM
Douglas Wilson Companies was founded in 1989 to provide a wide range of specialized business, workout, and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITs, financial institutions, and property owners throughout the United States.
1620 Fifth Avenue
San Diego, California 92101