{"id":1004655280,"date":"2023-04-04T02:54:22","date_gmt":"2023-04-04T10:54:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004655280"},"modified":"2023-04-04T05:45:29","modified_gmt":"2023-04-04T13:45:29","slug":"kearny-readies-construction-site-for-90m-san-diego-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kearny-readies-construction-site-for-90m-san-diego-project\/","title":{"rendered":"Kearny Readies Site for $90M San Diego Project"},"content":{"rendered":"
\"\"<\/a>

A rendering of the final phase of Otay Crossings Commerce Park. Image courtesy of Kearny Real Estate Co.<\/em><\/p><\/div>\n

Kearny Real Estate Co.<\/strong> is set to break ground on the 26-acre final phase of Otay Crossings Commerce Park, a 311-acre industrial property in Otay Mesa, Calif. The buildings being constructed will sit adjacent to a future U.S.-Mexico port of entry.<\/span><\/p>\n

The company is in the process of grading the construction site, which will host four buildings ranging in size from 45,000 square feet to 205,500 square feet. The first building is expected to total 45,100 square feet and is due to be completed in the fourth quarter of 2023.  All four buildings are scheduled for completion by early 2024. The total cost of the final phase will be $90 million.<\/p>\n

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READ ALSO<\/strong>: CapRock\u2019s Cautiously Optimistic Outlook for Industrial Development<\/a><\/p>\n

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Buildings comprising the final phase are all designed to provide divisible suites down to 25,000 square feet and will have dock-high and grade level doors, 32- to 36-foot minimum clear heights and truck courts with depths of up to 180 feet. The property will also include a 3.6-acre trailer lot with 47 stalls, an amenity feature that will allow for storage of materials and trailers.<\/p>\n

\"\"<\/a>

The site pre-construction. Image courtesy of Kearny Real Estate Co.<\/em><\/p><\/div>\n

Located at the southernmost point of the industrial park, the new phase will be situated at the intersection of Siempre Viva and Paseo Del La Fuente Roads, adjacent to the new border crossing. The buildings will offer direct access to California State Route 11, which is under construction. Once completed, SR-11 will connect to California SR-905 and SR-125, as well as to other major truck routes.<\/p>\n

The evolving economies of the San Diego metro and northern Baja California are increasingly more diverse and more reliant on cross-border infrastructure, with trade between San Diego and Mexico exceeding $4 billion annually, Kearny said in a statement.<\/p>\n

Jeff Givens, a partner in Kearny\u2019s San Diego office, noted in prepared remarks that the Otay Mesa industrial market has grown significantly in recent years, with market vacancies hovering around 3 percent and industrial facilities becoming increasingly sought-after in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"

Scheduled for completion in 2024, the new development marks the final phase of Otay Crossings Commerce Park.<\/p>\n","protected":false},"author":3154,"featured_media":1004655282,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21742,1608,15],"tags":[35201],"class_list":["post-1004655280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-latest","category-san-diego","category-west","tag-kearny-real-estate-company"],"acf":[],"yoast_head":"\nKearny Readies Site for $90M San Diego Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Kearny Real Estate Co. is constructing the final phase of its Otay Crossings Commerce Park in San Diego County, near the U.S.-Mexico border.\" \/>\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\/kearny-readies-construction-site-for-90m-san-diego-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kearny Readies Site for $90M San Diego Project\" \/>\n<meta property=\"og:description\" content=\"Kearny Real Estate Co. is constructing the final phase of its Otay Crossings Commerce Park in San Diego County, near the U.S.-Mexico border.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kearny-readies-construction-site-for-90m-san-diego-project\/\" \/>\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=\"2023-04-04T10:54:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-04T13:45:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Planned-205500-SF-industrial-building-to-be-developed-by-Kearny-Real-Estate.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fotios Tsarouhis\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kearny-readies-construction-site-for-90m-san-diego-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/kearny-readies-construction-site-for-90m-san-diego-project\/\",\"name\":\"Kearny Readies Site for $90M San Diego Project - 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