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655 West Broadway

Office, Residential, Retail in San Diego, California From Wikipedia, the free encyclopedia

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655 West Broadway is the 13th-tallest building in San Diego, California, and is a prominent fixture in San Diego's skyline. Tied with Pinnacle Marina Tower, it has a height of 412 feet (126 m). It is located at 655 West Broadway in the Marina district of downtown San Diego. 655 West Broadway is a 23-story building that uses the postmodern architectural style and was designed by Carrier Johnson Architects. It is primarily an office building but also contains residential and retail uses.[1]

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History

The construction of the 380,000 sq ft (35,300 m2) skyscraper began in 2003 and was completed in 2005.[2] It was the first new office tower in downtown San Diego in a dozen years.[3] The building was originally named Broadway 655. In 2007 Advanced Equities changed the name to Advanced Equities Plaza after signing a 10-year lease on the building. In August 2011 First Allied Securities split off from Advanced Equities via a sale of the company to its management, forming an independent brokerage.[4] The building name changed again to First Allied Plaza in March 2012 due to the separation of First Allied from Advanced Equities. First Allied uses three floors of the 23-story skyscraper.[5] The building is now referred to as "655 West Broadway". Other tenants include Deloitte Development LLC, Interlaced LLC and the law firm Robbins Geller Rudman and Dowd.[6]

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Ownership

The building was originally built by Broadway Tower 655, LLC, a limited partnership of which Robert V. Lankford of Lankford & Associates, Inc. was the managing partner.[7] In July 2007, the building was sold to the Dutch firm Wereldhave USA under the direction of Carmen Taveras-Cruz, the company's former president for $210 million.[8] Wereldhave sold the building in March 2013 to Lone Star Funds, a Dallas-based private equity firm, for a reported $140.88 million, representing a loss of over $70 million on Wereldhave's investment.[6][9] The building was sold by Lone Star Funds in 2014 for $156.8 million to 655 WB Operating, LLC.

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See also

References

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