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$3.5M Lease Signed in Mission Valley

Rio Vista Office Complex 50% Pre-Leased
By Jeff Oesterblad
October 10, 2002 | 12:05 P.M.

Wear & Wood Inc., a workers' compensation administrator, leased 15,000 square feet of office space at 8889 Rio San Diego Drive in the Mission Valley area of San Diego. The 30,000-square-foot, Class-A office building is currently under construction, and with this lease, is now 50 percent preleased. Completion of the project is scheduled for May of next year. Gary Beyler of Griffin Properties LLC is developing the building, with the design being handled by Howard Anderson & Associates. The seven-year lease has a total consideration of approximately $3.51 million. Mike Labelle of Irving Hughes represented Wear & Wood. Jack Kruger and Shawn Craig of BRE Commercial/NAI represented the landlord, Griffin Properties LLC.

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