UPDATE: Construction Under Way on $36M Equity Office Project

SAN DIEGO-Development is moving forward on one of the major class A office projects to hit the metro area in recent years. The project, Bridge Pointe Corporate Centre III, will count 156,000 sf at build out.The $36-million Equity Office property will include two buildings and is part of a four-phase project in San Diego’s University Towne Centre-Golden Triangle submarket. Already under construction, the project has completed steel framing, including 1,255 tons of steel.”The arrival of steel is an important milestone because it physically conveys to the marketplace the progress of the first speculative development since 2002 in the University Towne Center submarket,” says Bert Dezzutti, senior vice president of Equity Office in Southern California.Equity Office has also tapped Cushman & Wakefield as the exclusive third-party leasing representative for the property. The Cushman & Wakefield brokerage team of Eric Northbrook, Michael Macie, Mike Hoeck, Christopher High and Jeff Oesterblad will serve as an extension of Equity Office’s in-house San Diego leasing team of Bess Wakeman, leasing director, and Liza Strom, leasing director.According to Dezzutti, the property will be marketed as a “premier local business environment for a regional or corporate headquarters.” The project includes one two- and one three-story building. Equity Office has selected Trammell Crow Co. as the development manager, Smith Consulting Architects as the project architect and DPR Construction Inc. as the general contractor. The project is being targeted for an October completion date.Equity Office is already the largest landlord in University Town Center. This latest project will give the company more than 2.6 million sf in the submarket. Equity Office’s other local assets include: the Plaza at La Jolla Village, La Jolla Centre I & II, La Jolla Executive Tower, Nobel Corporate Plaza, One Pacific Heights, Centerside II, Westridge I, Pacific Corporate Plaza, and Park Plaza.