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7/07/20
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A venture between LPC West and an affiliate of Cerberus Capital Management, L.P.has acquired nearly 30 acres in Oceanside, with plans to develop a modern industrial campus. LPC West is the west coast arm of national real estate firm Lincoln Property Company.
The property is one of the last large entitled industrial sites in San Diego County. The site is located within Ocean Ranch, a more than 400-acre development that has emerged as a corporate hub for several Fortune 500 companies.
“This is one of the last large entitled industrial sites in San Diego County at a time when the demand for industrial space is continuing to grow,” said Scott Moffatt, Senior Vice President of LPC West’s San Diego office. “Together with Cerberus, we plan to build highly efficient industrial buildings that will meet the needs of tenants looking for quality industrial space in the San Diego region.”
Ocean Ranch is located near the I-5 Fwy between Highways 76 and 78, providing easy access to Southern California’s most active regions including Los Angeles, Riverside, Orange County and San Diego.
The LPC West San Diego office has had significant growth over the past 12 months, both in acquiring properties and new development. The firm now owns and manages nearly 1.5 msf of commercial property in the San Diego region with an additional 450k sf currently under development.
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