BH Properties Acquires Mission City, a Four-Building, 285,876 Square-Foot Office Campus in San Diego’s Growing Mission Valley
The transaction continues an aggressive acquisitions campaign that has seen the investor amass 7 new assets, totaling more than 1 Million SF in 2025 alone.
San Diego, CA – [JANUARY XX, 2026] – BH Properties, a vertically integrated Los Angeles–based real estate investment firm with a regional office in San Diego, has announced its acquisition of Mission City. The property is a 285,867-square-foot, four-building suburban office campus located at 2355–2385 Northside Drive in the heart of San Diego’s Mission Valley. JLL’s Lynn LaChapelle, Michael Leggett, Bob Prendergast, and Kurt Luedtke represented the seller. Terms of the transaction were not disclosed.
Mission City is situated on 12.61 acres adjacent to San Diego State University’s Mission Valley Campus expansion and Snapdragon Stadium. The property is located in the rapidly evolving Mission Valley submarket, where more than $10 billion in proposed projects—including SDSU Mission Valley, Riverwalk, and Civita—are planned. These developments are expected to add 4,600 housing units, an innovation district, retail space, and 80 acres of parkland. The modern office campus is 94% occupied and features an investment-grade tenant roster with a weighted average lease term exceeding four years. Recent improvements include an on-site fitness center, tenant lounge, outdoor work and gathering areas, and EV charging stations.
“Mission City is located in an improving submarket that’s demonstrated strength and resiliency,” said Jim Brooks, President of BH Properties. “Our acquisition of The Landing at HZRD, a neighboring retail and office campus nearly 18 months ago, helped solidify Mission Valley as a resilient sub-market given consistent leasing activity, great transit access, and scale of nearby redevelopments and investment.”
Mission Valley continues to attract tenants seeking centrally located, high-quality office space at competitive rates. The submarket posted positive absorption through the first half of 2025, driven by steady demand from government, defense, and engineering users. Its proximity to major retail amenities, two trolley stations, and large-scale developments—including SDSU Mission Valley’s 135-acre Innovation District and the 240-acre Civita community—reinforces its appeal to both employers and employees.
The campus also benefits from immediate access to the 560,000-square-foot Fenton Marketplace retail center, multiple hotels, and a wide range of dining and shopping options, all within minutes of I-8, I-805, and SR-163. The central suburban area is home to nearly 500,000 residents and more than 360,000 employees, over half of whom hold a bachelor’s degree or higher, creating a strong and diverse talent pool.
This transaction continues BH Properties’ active value-add acquisition campaign across office, retail, and industrial properties throughout the western United States. Recent acquisitions include The Landing at HZRD, which features a 135,000-square-foot retail center and an adjacent 268,000-square-foot office building, also located in Mission Valley.
About BH Properties
Founded 32 years ago, privately held BH Properties is a vertically integrated real estate investment company focusing on the acquisition and management of a geographically and product-diverse portfolio of assets. The Los Angeles-based firm, with regional offices in Seattle, San Francisco, San Diego, Riverside, Phoenix, Dallas, and Houston, focuses on value-add transactions, distressed debt, gap financing, and ground leases. Its subsidiary, Haven Housing, focuses on the acquisition of market rate and affordable housing communities. Today, the company owns and operates nearly 11 million square feet across 16 states.
