{"id":1004697191,"date":"2024-01-10T08:32:03","date_gmt":"2024-01-10T16:32:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004697191"},"modified":"2024-01-10T08:44:06","modified_gmt":"2024-01-10T16:44:06","slug":"rockefeller-group-sells-san-diego-industrial-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-sells-san-diego-industrial-campus\/","title":{"rendered":"Rockefeller Group Sells San Diego Industrial Campus"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a0cecb8189c1&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-medium is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004697193\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-sells-san-diego-industrial-campus\/heritage-industrial-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Heritage-Industrial-Center-e1704892999269.jpg\" data-orig-size=\"1332,1000\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5DS R&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1689740893&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;17&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.005&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Heritage Industrial Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Heritage Industrial Center marks EQT Exeter&#8217;s second industrial project from Rockefeller Group in the past year. Image courtesy of Rockefeller Group&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Heritage-Industrial-Center-e1704892999269.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"225\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Heritage-Industrial-Center-e1704892999269.jpg?w=300\" alt=\"Heritage Industrial Center\" class=\"wp-image-1004697193\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Heritage-Industrial-Center-e1704892999269.jpg 1332w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Heritage-Industrial-Center-e1704892999269.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Heritage-Industrial-Center-e1704892999269.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Heritage-Industrial-Center-e1704892999269.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Heritage Industrial Center marks EQT Exeter&#8217;s second industrial project from Rockefeller Group in the past year. Image courtesy of Rockefeller Group<\/figcaption><\/figure><\/div>\n\n\n<p><strong>Rockefeller Group<\/strong> has sold Heritage Industrial Center, a 202,760-square-foot industrial asset in Chula Vista, Calif. <strong>EQT Exeter<\/strong> acquired the three-building campus, while <strong>Cushman &amp; Wakefield<\/strong> brokered the transaction.<\/p>\n\n\n\n<p>Rockefeller purchased the land from <strong>HomeFed Corp<\/strong>. and began construction in June 2022. The campus came online in September last year.<\/p>\n\n\n\n<p>Heritage Industrial Center occupies 12 acres and comprises three buildings, measuring 105,550, 56,470 and 40,740 square feet. The campus features office spaces, 28\u2019-32\u2019 clear heights, ESFR fire sprinklers, grade-level and dock-high loading doors, controlled access and parking spaces.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/whats-next-for-industrial-real-estate\/\">What\u2019s Next for Industrial Real Estate?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Located at 3330 Heritage Road, the property is within the South San Diego submarket, near Interstate 805, which provides easy access across the San Diego metropolitan area.<\/p>\n\n\n\n<p>Cushman &amp; Wakefield\u2019s Jeffrey Cole, Jeff Chiate, Bryce Aberg, Brad Brandenburg, Zachary Harman and Mike Adey represented the developer in the investment sale element, while <strong>Voit Real Estate Services<\/strong>\u2019 Michael Mossmer and Patrick Connors worked on the leasing efforts and the sale of the project.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-san-diego-vacancy-increased\">San Diego vacancy increased<\/h2>\n\n\n\n<p>Heritage Industrial Center marks Rockefeller\u2019s second development within South San Diego and its sale was the second deal with EQT within the past three months. In another recent deal, EQT sold <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-28m-sale-of-indianapolis-industrial-asset\/\">a 319,336-square-foot Class A<\/a> industrial property in the Northwest submarket of Indianapolis for $28.4 million.<\/p>\n\n\n\n<p>According to a recent Cushman &amp; Wakefield report, San Diego\u2019s industrial vacancy rate was up 80 basis points quarter-over-quarter, as of September. This marked the third consecutive quarter of increases in vacancy. About 636,000 square feet came online in Chula Vista and Otay Mesa, but remained unleased through the third quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EQT Exeter bought the 202,760-square-foot property.<\/p>\n","protected":false},"author":3014,"featured_media":1004697193,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,1608,15],"tags":[32799,51502,33348,32833],"class_list":["post-1004697191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-san-diego","category-west","tag-cushman-wakefield","tag-eqt-exeter","tag-the-rockefeller-group","tag-voit-real-estate-services"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rockefeller Group Sells San Diego Industrial Campus - 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