SAN DIEGO, Calif. (November 9, 2011) – San Diego-based Trigild Inc. will assume day-to-day management of the 159,000-square foot Genesee Executive Plaza, an office complex comprised of two, three-story class “A” office/medical buildings located at 9333 and 9339 Genesee Avenue in the Golden Triangle/University Towne Center (UTC) neighborhood of San Diego.
Originally constructed in 1983, the 3.6-acre property went through foreclosure in May of this year, and recently sold for $46.8 million to Divco West Properties, an investment firm with offices in San Francisco and Boston. The property is now 68 percent leased, with major tenants include Fed Ex, IGO Medical Group, Genesis Healthcare and the Regents of the University of California.
According to Trigild president and CEO Bill Hoffman, Trigild been tapped by Divco to spearhead day-to-day activities, such as responding to tenant inquiries, overseeing vendors, reporting and maintenance. “The new owner has plans to upgrade and improve all common areas, including restrooms, lobbies and the courtyard, as well as expand office space,” Hoffman said. “Trigild will direct and manage these improvements, focusing on taking the property – which is a top quality asset ideally located in a prime San Diego locale with easy access to all freeways – to the next level,” he said.
Headquartered in San Diego with regional offices throughout the country, Trigild has more than 35 years of commercial real estate and operating business expertise, with a focus on managing and maximizing value for assets in an array of industries, including hospitality, multifamily, office, industrial, retail, petroleum properties and more. For further information, visit www.trigild.com.