McMillin sells most of Liberty Station to Southern California real estate firm

Much of Liberty Station, including the North Chapel, has been sold for nearly $159 million.

Pendulum Property Partners, a Southern California-based real estate firm, in partnership with The Seligman Group, has acquired a long-term leasehold on a number of properties in the 361-acre former Naval Training Center.

Pendulum acquired 327,000-square-feet of Liberty Station multi-tenant retail and office space. The property is approximately 98 percent occupied.

The seller, McMillin Cos., retains ownership of one hotel site, two hotels under construction and a number of office assets in the neighborhood. Additional property owners within Liberty Station include the NTC Foundation, the Rock Church, High Tech High and hundreds of homeowners.

Source: sdnews.com

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