{"id":40744,"date":"2022-01-07T17:53:56","date_gmt":"2022-01-07T15:53:56","guid":{"rendered":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=40744"},"modified":"2022-01-07T17:53:57","modified_gmt":"2022-01-07T15:53:57","slug":"innovatus-acquires-san-diego-office-building","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2022\/01\/07\/innovatus-acquires-san-diego-office-building\/","title":{"rendered":"Innovatus Capital Partners Acquires 5-Story San Diego Office Building"},"content":{"rendered":"\n<p>Innovatus Capital Partners, a New York City-based portfolio management firm, recently announced the purchase of the Pinnacle, a five-story, 110,128-square-foot office property in the San Diego suburb of Rancho Bernardo, Calif. A branch of real estate firm Lincoln Property Company is set to provide property management services for Innovatus\u2019 new office building, marking Lincoln\u2019s 13<sup>th<\/sup> U.S. collaboration with the new owner of the Pinnacle.<\/p>\n\n\n\n<p>Located at 10920 Via Frontera, the Pinnacle was built in 2007 and recently underwent several capital improvements, including lobby enhancements; the addition of charging stations for electric vehicles; and new landscaping to complement the mountain and canyon views the property offers.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2022\/01\/the-pinnacle-san-diego-office-building.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"512\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2022\/01\/the-pinnacle-san-diego-office-building.jpg?w=640\" alt=\"The five-story Pinnacle was purchased by Innovatus Capital Partners\" class=\"wp-image-40746\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2022\/01\/the-pinnacle-san-diego-office-building.jpg 640w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2022\/01\/the-pinnacle-san-diego-office-building.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption><em>The Pinnacle at 10920 Via Frontera, Rancho Bernardo, Calif.<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p>The office building is conveniently situated along Interstate 15 in the northeastern part of the San Diego metro. At the time of sale, it boasted 100% occupancy. It\u2019s also part of one of the metro area\u2019s major technology and innovation hotspots. In particular, several Fortune 500 tech companies operate in Rancho Bernardo, including Apple, Amazon, HP and Sony, among others. Overall, the metro is a flourishing tech hub, with life sciences being an important part of the metro\u2019s economy, in addition to a strong baseline of other fields making use of <a href=\"https:\/\/www.propertyshark.com\/cre\/office\/us\/ca\/san-diego\/\" target=\"_blank\" rel=\"noreferrer noopener\">office space in San Diego<\/a>.<\/p>\n\n\n\n<p>\u201cThe acquisition of the Pinnacle is further evidence of Innovatus identifying and acquiring best-in-class office properties in high-growth micro markets,\u201d said Bradley Seiden, managing director at Innovatus. \u201cOur national partnership with Lincoln Property Company allows us to have unique access to broad national property markets, and entering the growing San Diego technology and life science market has been a goal for some time.\u201d<\/p>\n\n\n\n<p>Scott Moffat, executive vice president of LPC West\u2019s San Diego region, added: \u201cOur team is thrilled to partner with Innovatus in the purchase of this asset. The Pinnacle is the preeminent Class A office building on the I-15 corridor and is well-positioned as companies return to the office in 2022.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Innovatus Capital Partners, a New York City-based portfolio management firm, recently announced the purchase of the Pinnacle, a five-story, 110,128-square-foot office property in the San Diego suburb of Rancho Bernardo, Calif. A branch of real estate firm Lincoln Property Company is set to provide property management services for Innovatus\u2019 new office building, marking Lincoln\u2019s 13th&hellip;<\/p>\n","protected":false},"author":71,"featured_media":40745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[738,11119,2518],"tags":[11109,494],"class_list":["post-40744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-california-real-estate","category-commercial-real-estate","category-real-estate-news","tag-california-commercial-properties","tag-commercial-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Innovatus Capital Partners Acquires 5-Story San Diego Office Building<\/title>\n<meta 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Alixandrescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/47c96bd47696553c39e751aac1c63888f0d56c29e17a3b2e394409592d5630eb?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/47c96bd47696553c39e751aac1c63888f0d56c29e17a3b2e394409592d5630eb?s=96&d=retro&r=g","caption":"Lucian Alixandrescu"},"description":"Lucian is a senior content writer for CommercialCafe, specializing in commercial real estate research and data-driven reporting since 2019. With deep expertise in industrial real estate, office markets, demographics, and economics, he produces comprehensive market studies and insights on national and regional CRE trends. He also reports on adjacent subjects such as population shifts and the job market. His reports have been cited by and featured in The New York Times, Forbes, NBC, Bisnow, The Business Journals, and Yahoo Finance. Lucian holds a background in language and literature studies and brings more than 5 years of previous freelance writing experience to his commercial real estate journalism.","jobTitle":"Senior Content Writer, CRE Industry Reports & Studies","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/author\/lucian-alixandrescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2022\/01\/san-diego-office-buildings-skyline.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/40744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/users\/71"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/comments?post=40744"}],"version-history":[{"count":1,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/40744\/revisions"}],"predecessor-version":[{"id":40747,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/40744\/revisions\/40747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/media\/40745"}],"wp:attachment":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/media?parent=40744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/categories?post=40744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/tags?post=40744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}