{"id":1004576243,"date":"2022-04-15T02:42:53","date_gmt":"2022-04-15T10:42:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004576243"},"modified":"2022-12-07T03:14:29","modified_gmt":"2022-12-07T11:14:29","slug":"westport-properties-to-develop-2-near-san-diego","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/westport-properties-to-develop-2-near-san-diego\/","title":{"rendered":"Westport Properties to Develop 2 Near San Diego"},"content":{"rendered":"<div id=\"attachment_1004576244\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/construction-site-gd1df98628_1920-e1649945709957.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004576244\" data-attachment-id=\"1004576244\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/westport-properties-to-develop-2-near-san-diego\/construction-site-gd1df98628_1920\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/construction-site-gd1df98628_1920-e1649945709957.jpg\" data-orig-size=\"800,528\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;9&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D200&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;90&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.003125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Image by paulbr75 via Pixabay.com\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Image by paulbr75 via Pixabay.com&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/construction-site-gd1df98628_1920-e1649945709957.jpg?w=800\" class=\"wp-image-1004576244 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/construction-site-gd1df98628_1920-e1649945709957.jpg?w=300\" alt=\"\" width=\"300\" height=\"198\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/construction-site-gd1df98628_1920-e1649945709957.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/construction-site-gd1df98628_1920-e1649945709957.jpg?resize=300,198 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/construction-site-gd1df98628_1920-e1649945709957.jpg?resize=768,507 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004576244\" class=\"wp-caption-text\">Image by paulbr75 via Pixabay.com<\/p><\/div>\n<p><strong>Westport Properties<\/strong> is getting ready to develop two Class A, single-tenant industrial assets near San Diego. Completion of the facilities is expected the second and third quarter of 2023, respectively.<\/p>\n<p>In Oceanside, Calif., Westport plans to break ground on a 50,000-square-foot industrial building in the third quarter of 2022. The developer paid $2.1 million for the three parcels that make up the 3-acre development site, according to San Diego County records. <strong>Kidder Mathews<\/strong> will be the leasing broker for the property on Vista Pacific Drive.<\/p>\n<p>The second facility, a 46,000-square-foot industrial warehouse in Otay Mesa, Calif., is set to break ground on 2.5 acres in the fourth quarter. The property will come online on Marconi Drive, east of U.S. State Route 905 and southeast of State Route 125, close to the Otay Mesa Port of Entry. The developer acquired the site for $3.2 million with the assistance of <strong>CBRE<\/strong>, which will also be in charge of leasing.<\/p>\n<h2>Supporting the industrial pipeline<\/h2>\n<p>Westport currently has five developments totaling 450,000 square feet in the planning and approval stages, according to the company. CEO Charles Byerly said, in prepared remarks, that 2022 is shaping up to be the company\u2019s busiest year for industrial activity to date.<\/p>\n<p>As of February, nearly 4.8 million square feet of industrial space was under construction in the Bay Area, representing 1.7 percent of the total stock, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-sector-reaches-supply-momentum\/\">CommercialEdge report<\/a>. When also adding planned projects, the value reached 4.1 percent of the market&#8217;s inventory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The industrial properties are planned to come online in Otay Mesa and Oceanside.<\/p>\n","protected":false},"author":3142,"featured_media":1004576244,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,15],"tags":[32789,33612,37949],"class_list":["post-1004576243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-west","tag-cbre","tag-kidder-mathews","tag-westport-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Westport Properties to Develop 2 Near San Diego - CPE<\/title>\n<meta name=\"description\" content=\"Westport Properties will develop two industrial properties in Otay Mesa, Calif., and Oceanside Calif., by the third quarter of 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/westport-properties-to-develop-2-near-san-diego\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Westport Properties to Develop 2 Near San Diego\" \/>\n<meta property=\"og:description\" content=\"Westport Properties will develop two industrial properties in Otay Mesa, Calif., and Oceanside Calif., by the third quarter of 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/westport-properties-to-develop-2-near-san-diego\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-15T10:42:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T11:14:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/construction-site-gd1df98628_1920-e1649945709957.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"528\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anda Rosu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/westport-properties-to-develop-2-near-san-diego\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/westport-properties-to-develop-2-near-san-diego\\\/\"},\"author\":{\"name\":\"Anda Rosu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9ddda76c3d540297067f1385ee79340d\"},\"headline\":\"Westport Properties to Develop 2 Near San Diego\",\"datePublished\":\"2022-04-15T10:42:53+00:00\",\"dateModified\":\"2022-12-07T11:14:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/westport-properties-to-develop-2-near-san-diego\\\/\"},\"wordCount\":259,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/westport-properties-to-develop-2-near-san-diego\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/04\\\/construction-site-gd1df98628_1920-e1649945709957.jpg\",\"keywords\":[\"CBRE\",\"Kidder Mathews\",\"Westport Properties\"],\"articleSection\":[\"Development\",\"Industrial\",\"News\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/westport-properties-to-develop-2-near-san-diego\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/westport-properties-to-develop-2-near-san-diego\\\/\",\"name\":\"Westport Properties to Develop 2 Near San Diego - 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