Property Name: Champions of the West Plaza
Case Study: Construction Coordination
Property Location: 12250 El Camino Real, San Diego, CA 92130
Property Description: Office Space, 68,576 Total Square Feet

Client Requirements

Champions of the West Plaza,LLC, a private ownership entity, contracted with Meissner to provide complete real estate management services to their professional office space located in the Del Mar Heights submarket.  Meissner quantified and resolved multiple building and tenant issues, including latent building construction defects, supervision of the leasing of 50% of the building, re-positioning common areas, and overseeing tenant improvements.

Process

Meissner worked diligently to upgrade property components such, as installing separate suite electrical metering, building signage, renovating the building entry lobbies and the courtyard water feature, and installing street-frontage monument signage.  Construction management was provided in resolving the building’s exterior water intrusion issue and remediation of subsequent tenant water damage.

Client Testimonial
“I hold Meissner in the highest regard for customer service as they are always prompt, professional, and competent.  Their property management services are first rate.”
President – Champions of the West, LLC

Result

Meissner succeeded in converting the building from two tenants to a multi-tenant occupancy with a 94% occupancy level, increasing rents, and diversifying revenue risk.

Sources:
Meissner Commercial Real Estate Services