Three-story, 70,000 SF single tenant office building.
Douglas Wilson Companies (DWC), agent for Receiver, was tasked with overseeing the engineering, design and construction team to restore the building after the Northridge earthquake.
Subsequent to the earthquake, experiencing significant property damage, the building owner abandoned the premises – believing it to be irreparable within the time constrains of the Damage and Destruction provisions of its lease. Separately and prior to the earthquake, the tenant, Transamerica, had vacated the building, leaving a remaining liability of approximately six years per the lease agreement.
DWC was able to restore the building in less than six months, thus preserving the lease.
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