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Transactions - MAY 31, 2022

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Leste Group and Sason Organization complete $25.3m JV acquisition in San Diego

by Released

Leste Group’s real estate debt and structured equity arm announced that it partnered with the Sason Organization, a privately controlled real estate investment firm, to complete the $25.3 million acquisition of Willow Creek Corporate Center, recently rebranded Canvas on Willow, in San Diego.

Leste led the investment in the office property, a three-story office building comprising 121,415 square feet. Located at 10089 Willow Creek Road, the property is within the heavily traveled Interstate 15 corridor of San Diego’s Scripps Ranch — a thriving submarket where many businesses in the life sciences, communications, technology, defense and financial services industries are based.

“We’re excited to partner with Sason to continue investing thematically in high-quality office assets in San Diego’s resilient submarket and other markets where we see significant upside growth potential supported by strong secular tailwinds,” said Larbi Benslimane, managing director

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