Developer Acquires Downtown Buildings for Future Office, RetailMonday, January 7, 2013
A local development firm led by architect Graham Downes has purchased a three-building complex in Little Italy, which it plans to renovate into office and retail uses.
Wonderhaus LP, with Downes as its managing director, purchased the downtown industrial buildings on Kettner Boulevard and Juniper Street for approximately $3 million, according to a statement from Colliers International. The brokerage firm represented the seller, GTF Properties.
Purchased were three buildings with a total of 14,814 square feet of space, at 2228 and 2266 Kettner Blvd. and 925 W. Juniper St. The complex is located on a parcel totaling 35,000 square feet.
According to CoStar Group, 2228 Kettner was built in 1978 and was most recently used by building products supplier Helix Wholesale Co. The other Kettner property is a warehouse built in 1920, and the Juniper Street warehouse was built in 1969.
— SDBJ Staff Report