Property Name: High Bluff Del Mar
Case Study: Construction Management
Property Location: 12555 High Bluff Drive, San Diego, CA 92130
Property Description: Office Space, 72,706 Total Square Feet

Client Requirements
With only 24 hours of notice, Meissner Jacquét Commercial Real Estate Services took over the real estate and construction management of the High Bluff Del Mar office building, located in the Del Mar Heights / Carmel Valley submarket, and immediately implemented solutions to resolve tenant retention issues. Meissner Jacquét directly interacted with the city to obtain proper permitting for construction projects that were underway prior to takeover and managed the construction process according to the restricted timeline and budget.

Process
Meissner Jacquét worked closely with the city on all tenant improvements, including 13 office build-outs and base-building improvements, including ADA compliant locker rooms, upgrading the elevator finishes, stairwells, building directory and tenant signage. Meissner Jacquét completed all construction projects on time and within budget, while ensuring the existing tenants quiet enjoyment. The creation of building standard finishes enabled prospective tenants a short turnaround time to take over available space and aided in accurately forecasting rents.

Client Testimonial
Meissner Jacquét provided excellent construction management services and their management team exhibited competence in resolving outstanding issues.
Richard Demirjian, General Partner – Scientific Investments, LP

Result
Meissner Jacquét succeeded in upgrading the base-building finishes and increasing tenant retention to the current occupancy rate of 87.6%. Meissner Jacquét continues to provide professional real estate services to this excellent office asset.

Sources:
Meissner Jacquet Commercial Real Estate Services