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8/19/21
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A joint venture between LPC West and a real estate fund advised by Crow Holdings Capital has acquired vacant land on Airway Rd, just north of the Otay Mesa Port of Entry at the U.S.-Mexico border in the Otay Mesa submarket of San Diego. The venture plans to develop a ground-up industrial campus.
The development will include two state-of-the-art buildings totaling 195k sf as well as two separate outdoor amenity areas totaling 2k sf. The site is located approximately three miles from the Otay Mesa Port of Entry at the U.S.-Mexican border and immediately adjacent State Route 905, which connects the Otay Mesa border with the region’s most active thoroughfares, including Route 125, I-5 and I-805.
Earlier this year, LPC West acquired 7615 Siempre Rd, an 86.7k sf industrial building in Otay Mesa located a few blocks from the new acquisition on Airway Rd.
“The Otay Mesa market continues to hold enormous potential for growth as supply chain nearshoring trends continue to take shape,” said Ben Bucci, Vice President of LPC West’s San Diego region. “This acquisition was incredibly attractive to us not just for its location but for the chance to develop a ground-up property that will meet market demand and serve as a best-in-class asset for years to come.”
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