San Diego Landmark Robert F. Driver Office Building Sold
2 Sep, 2010, San Diego
Cushman & Wakefield announced the sale today of the nine-story, 80,320-square-foot Robert F. Driver Building located at 1620 Fifth Avenue, on the east side of the Central Business District in downtown San Diego, on behalf of Robert F. Driver Office Building, LTD. Financial terms were not disclosed.
According to Jeff Cole, executive director with Cushman & Wakefield, the buyer recognized the value in purchasing the Driver Building due to its high I-5 freeway visibility, over-standard parking, and close proximity to downtown San Diego's central business district and related amenities. "With its irreplaceable freeway adjacent location, the building offers small- to mid-level tenants a premier Class A location to do business."
The transaction was facilitated by Jeff Cole, Ed Hernandez, Steve Rowland, Michael Roberts,
and Matthew Carlson of Cushman & Wakefield, as well as Bradford Perry of Perry Commercial
Real Estate. The buyer is 1620 Fifth Avenue LLC. Douglas Wilson Companies ("DWC") has
been engaged to lead the reposition, management, and leasing effort to reintroduce this well
known downtown office building.
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