H.G. Fenton Acquires Miramar Business ParkTuesday, April 2, 2013
San Diego-based development and investment firm H.G. Fenton Co. has purchased the Silverton Business Center in the Miramar area for an undisclosed price.
The seller was Realty Income Corp. of Escondido, according to CoStar Group data.
A statement from H.G. Fenton said its purchase of the 24-building office and industrial park is the company’s fourth major industrial property purchase over the past 16 months. The company during that time acquired large properties in Miramar, Carmel Mountain Ranch and National City for a total of $70.5 million.
Silverton Business Center has a total of 467,291 square feet and is located on 26 acres at 7940 Silverton Ave. The purchase brought Fenton’s San Diego County commercial portfolio to more than 4.5 million square feet.
The Silverton transaction was brokered by the San Diego office of Voit Real Estate Services.
-- SDBJ Staff Report