The passionate pursuit of great places.

Since 1990, Chesnut Properties has had a passion for building great places and positioning ourselves for long-term ownership. We strive to be authentic and excellent in all we do; with the goal of building lasting relationships with our current and future tenants and our growing list of “A-list” professionals that support our pursuits. Today, we are delivering powerful, large-scale solutions to the markets of Southern California and Arizona to meet the needs of leading companies who place high demands on their workplace.

We stand for a new paradigm that believes:


Great buildings can be delivered within competitive market parameters.


Authentic building design can empower businesses and employees to be more successful.


Buildings built today must meet the standards of tomorrow in quality, sustainability, and well-being.


Economics don’t drive deals, people do.

Our Story

Lee M. Chesnut is a San Diego based commercial real estate investor/developer. Mr. Chesnut has been actively involved in commercial real estate for more than twenty-seven years. His early experience started with John Burnham and Company in 1986, where he was assigned to manage a demanding retail center for repositioning and rehabilitation, the project was owned by the Shidler Group. A strong relationship resulted with this client who offered Chesnut an opportunity to manage the marketing and operations of their growing San Diego investment portfolio.

Strategic Relationships

At Chesnut Properties, we seek to surround ourselves with good people. The relationships we have built over time have been integral to our success. The list below represents some of the people we are proud to call a part of our team.

Featured Past Projects

UTC Executive - La Jolla, CA

UTC Executive - La Jolla, CA
125,000 Sq. Ft. - 4 Stories
Tenants: Combichem, Dupont, Bristol Meyers Squibb
Completed in 2000
Sold in 2010 as an exchange into Papago Gateway Center

FBI San Diego Office, CA

300,000 Sq. Ft. High Security Building
Design Development by BPA Architects
Final Submittal in 2010
Result: Popular vote winner, 2nd place finish

Copley Drive - Central San Diego

120,000 Sq. Ft. - 3 Story Call Center
Tenants: Household Finance, Kaiser, UCSD
Ground Up Project Completed in 2001
Sold in 2003

Campson Corp - Mira Mesa, San Diego

35,000 Sq. Ft. - Biology Lab Building Converted to Chemistry Lab Space
Tenants: Combichem
Sold to facilitate Combichem expansion into UTC Executive in 2000

Papago City Master Plan - Tempe, AZ

2,000,000 Sq. Ft. mixed use 60 acre site
2007-2009 effort
Status: Project Shelved due to great recession

Early Years

9170 Camino Sante Fe

30,000 sq. ft. - Multi-Tenant Industrial/Office
Purchased in 2003
Sold in 2009

Viewridge Ave. - Kearny Mesa, San Diego, CA

25,000 sq. ft. - Multi-Tenant Industrial/Office
Purchased in 1999
Sold in 2003, Exchange into 9170 Camino Sante Fe

Argent Street - San Diego, CA

20,000 Sq. Ft. Industrial Building
Purchased in 1994
Sold to exchange into Calle Fortunada

Friendship Drive

Shoreham Place - Governor Park, San Diego, CA

Shoreham Place - Governor Park, San Diego, CA
25,000 sq. ft. - Multi-Tenant Industrial/Office
Purchased in 1996
Sold in 1999

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