Investment fund advisors Legg Mason Real Estate Services has acquired a 72,479-square-foot office building in the Sorrento Mesa area of San Diego.
The value of the transaction was approximately $18.8 million.
The three-story, class A building is located on approximately 2.7 acres at 5505 Moorehouse Drive.
Colliers International represented both Legg Mason and the seller, L & B Realty Advisors Inc., in the transaction.
At the time of sale, the office building was 100 percent leased to a single tenant: Texas Instruments of San Diego Inc.
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