First Allied Plaza
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| 655 West Broadway | |
|---|---|
 April 2009 | |
 | |
| General information | |
| Type | Office Residential Retail |
| Location | 655 West Broadway, San Diego, California 92101 |
| Coordinates | 32°42′55.11″N 117°10′7.61″W / 32.7153083°N 117.1687806°W |
| Construction started | October 2003 |
| Completed | 2005 |
| Owner | 655 WB Operating, LLC |
| Management | Avison Young |
| Height | |
| Antenna spire | None |
| Roof | 412 ft (126 m) |
| Technical details | |
| Floor count | 23 |
| Floor area | 380,000 sq ft (35,300 m2) |
| Lifts/elevators | 11 |
| Design and construction | |
| Architect(s) | Carrier Johnson Architects |
| Developer | Broadway Tower 655, LLC |
| Structural engineer | MKA, Seattle, Washington |
| Other information | |
| Parking | 765 |
655 West Broadway (formerly First Allied Plaza, Advanced Equities Plaza and Broadway 655) is the 13th-tallest building in San Diego, California and is a prominent fixture in San Diego's skyline. Tied with the 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]
History[edit]
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]
Ownership[edit]
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.
See also[edit]
References[edit]
- ^ "Broadway 655". Skyscraperpage.com. Retrieved 28 May 2012.
- ^ Kalinoski, Gail (September 18, 2008). "Wereldhave USA Buys San Diego's DiamondView Tower for $161M". The Hollywood Reporter. Retrieved April 28, 2009. [dead link]
- ^ Freeman, Mike (March 8, 2006). "Not quite smooth sailing". San Diego Union Tribune. Retrieved 28 May 2012.
- ^ "First Allied to split off from Advanced Equities". Reuters. August 22, 2011. Retrieved 28 May 2012.
- ^ "Downtown". San Diego Metropolitan Magazine. August 30, 2006. Archived from the original on October 24, 2007. Retrieved April 28, 2009.
- ^ a b "Downtown Office Tower Sold for $140.8M." San Diego Business Journal. March 22, 2013.
- ^ Mowad, Michelle (July 9, 2007). "International investor buys Broadway 655 high-rise, recently renamed Advanced Equities Plaza". San Diego Business Journal. Archived from the original on January 16, 2013. Retrieved April 28, 2009.
- ^ Freeman, Mike (July 3, 2007). "Office high-rise sells at top price; Dutch firm buys Broadway 655 tower in downtown". San Diego Union Tribune. Retrieved 28 May 2012.
- ^ Biberman, Thor Kamban. "Wereldhave nets $110 million loss on First Allied Plaza, DiamondView sales." San Diego Daily Transcript. March 21, 2013.
External links[edit]
- 655 West Broadway property website at 655WestBroadway.com
- Advanced Equities Plaza at Emporis.com
- Broadway 655 at SkyscraperPage.com