3/27/2008

JV pays $25M for San Diego office/R&D building

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14040 Danielson St.

A joint venture between Vancouver-based Emri Group and Chicago, Ill.-based Strategic Capital Partners has purchased the headquarters of ResMed, Inc. in the San Diego suburb of Poway, Calif., for $25.29 million.

Mickey Morera and Tim Hoag of Cushman & Wakefield represented the buyers while the firm's Joe Smith represented the seller.

The building is located at 14040 Danielson St. and contains 144,000 square feet. It currently serves as the headquarters for ResMed, a developer, manufacturer and marketer of products for the screening and treatment of respiratory diseases. The company will lease the building back until the middle of 2009.

Morera and Hoag recently brokered the $11.4 million sale of a 57,200 square foot office/R&D building in San Diego. The two represented Emri in that transaction as well.

Address: 14040 Danielson St., Poway, Calif.

Size: 144,000 square feet

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Filed Under: Office

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