SAN MARCOS — Grubb & Ellis|BRE Commercial, a commercial real estate brokerage, announced that sales activity at Park Place South, one of the only office condo projects for sale in San Marcos, has picked up recently and is moving along at a fast pace.
Located in the central business district of San Marcos, construction was recently completed on Park Place South and two sales recently closed at the project. Mad Dog Holdings, LLC, recently purchased a 1,491-square-foot office suite on the third floor and San Marcos Riverview, LLC, purchased 1,399 square feet of office space on the same floor. Tenant improvements are underway and both companies expect to occupy by the end of the year. Four more suites are expected to close prior to year-end.
The new 24,500-square-foot, three-story Class A, steel frame professional office building is located at 955 Boardwalk St. Developed by Pointe Ventures, Inc./PVI, Park Place South offers a “smart building” design concept in cooperation with AT&T’s Smart Moves and San Diego Gas & Electric’s Savings by Design programs. It allows for immediate access to the main thoroughfares at Las Posas Road and Highway 78.
Future buyers and tenants of the building complex include legal firms, accounting firms, tax planning advisors, real estate escrow and realty firms, technology companies, dentists, physicians and specialists within the medical industry.
“The appearance and functionality of an organization’s office space reflects the quality of goods and services provided, and buyers at Park Place South are able to take pride in their office space knowing that a positive image is projected,” Jeff McCormack, owner of the real estate development firm Pointe Ventures, said.
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