Casey Brown Welcomes New Tenant at San Diego Office Building

AMP&RSAND. Image courtesy of Cushman & Wakefield

Turner Construction Co. has signed a 15,936-square-foot lease at Casey Brown Co.’s AMP&RSAND, a creative office property in San Diego’s Mission Valley neighborhood. Cushman & Wakefield’s Derek Hulse, Morgan Reno and Brett Ward brokered the deal on behalf of the landlord, while Duncan Dodd represented the tenant.

Turner Construction’s lease marks the fourth agreement brokered by Cushman & Wakefield at AMP&RSAND. Most recently, the firm arranged for architecture design, engineering and planning firm Harley Ellis Devereaux Corp. to sign a 10,549-square-foot lease at the location.

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In a prepared statement, Reno mentioned that AMP&RSAND offers a workplace setting to meet the post-pandemic flight-to-quality trend. According to Casey Brown Co.’s Founder, President & CEO Casey Brown, the office campus was reimagined to meet the needs of its diversified tenant roster, which includes Midland Credit Management, QDOBA Mexican Eats and Encore Capital Group, among others.

According to a recent CommercialEdge report, office vacancy rates pursue an upward trajectory at a national level. San Diego had a 14.5 percent vacancy rate as of October, the lowest among other leading Western markets.

Meeting the flight-to-quality demand

CommercialEdge data shows the owner picked up the asset back in 2015 for $52 million from Manchester Financial Group. The 343,000-square-foot property was originally completed in 1975, serving for many years as a campus for The San Diego Union-Tribune.

Representing the redevelopment of a five-story office building and a three-story printing press facility, AMP&RSAND came online in 2018 and received the Best Project Renovation/Restoration in Southern California award in 2019. Wolcott Architecture, Gilliland Construction Management and Coffman Engineers worked on the adaptive reuse project.

Located at 350 Camino De La Reina on a 13-acre site, AMP&RSAND encompasses two Class A office buildings offering space flexibility for small and large tenants. Amenities include a fitness center, yoga studio and gourmet café, as well as conferencing rooms, workspaces and meeting places.

The Fashion Valley Trolley Station as well as several retail, dining and entertainment hubs are within walking distance of the property. San Diego International Airport is some 7 miles away.