The San Diego Office of Hines, the international real estate firm, announced today that Elsevier Inc. has renewed its lease for 31,200 ft² (approx. 2,900 m²) at 525 B Street, Golden Eagle Plaza, in downtown San Diego.
Scott Panzer and Lisa Campofranco of Newmark Knight Frank and Rich Porreco of CresaPartners represented Elsevier Inc. in lease negotiations. Matthew Carlson of Cushman & Wakefield represented Hines.
"Elsevier Inc. has been a valued tenant at 525 B Street for more than 16 years. We are thrilled to have their continued tenancy at the building," said Hines Vice President and Partner Paul Twardowski.
Golden Eagle Plaza is a 22-story office building containing 447,159 ft². The building was originally designed by Langdon & Wilson of Los Angeles and was completed in 1969. Since acquiring the building in 2005, Hines has invested over $8M in capital improvements, and will continue upgrading the asset with an additional $15M in planned infrastructure and cosmetic improvements.
In addition to Elsevier Inc., 525 B Street's tenants include Golden Eagle Insurance and the United States Navy.