San Diego Business Journal

Downtown’s Columbia Center Tower Sold for $135M

Thursday, December 6, 2012

A New York City-based investment group has purchased the 27-story Columbia Center office building in downtown San Diego for $135 million.

The buyer was Broadway Lexington LLC, which includes the Emmes Group of Cos. in New York, and the seller was GE Investment Corp. in Los Angeles, according to CoStar Group.

Eastdill Secured LLC represented the seller, and the buyer represented itself. The 553,715-square-foot Class A tower, at 401 W. A St., was built in 1982 and last changed hands for $181 million in 2007.

Current tenants include the law firm Higgs Fletcher & Mack LLP and Pacific Western Bank.

According to its website, the privately held Emmes oversees a nationwide portfolio of office, retail, industrial and multifamily properties, with approximately $1.3 billion in assets under management.

— SDBJ Staff Report