United States, Aug. 5 -- San Diego based real estate investment firm HP Investors, in partnership with Realm, L.P., has acquired 1450 Frazee, a seven-story, 145,000-square-foot Class A office building in San Diego's Mission Valley submarket in an off-market transaction valued at $20.25 million. HP Investors will immediately begin a multi-million capital improvement program which will include upgrades to the building infrastructure and common areas, building upon the recent renovations made by the seller. To be rebranded as Axis 1450, the property can accommodate a wide range of businesses seeking 2,000 square feet up to a 20,000-square-foot full floor.Axis 1450 benefits from the many demand drivers for the area, including its excellent loca...