{"id":1004745873,"date":"2025-02-05T08:56:18","date_gmt":"2025-02-05T16:56:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004745873"},"modified":"2025-02-06T01:28:25","modified_gmt":"2025-02-06T09:28:25","slug":"raf-pacifica-group-delivers-60m-san-diego-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/","title":{"rendered":"RAF Pacifica Group Delivers $60M San Diego Project"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1903-Citracado-Parkway-rgreaux-photography-22-e1738753576840.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"3858\" height=\"2895\" data-attachment-id=\"1004745883\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/1903-citracado-parkway-rgreaux-photography-22\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1903-Citracado-Parkway-rgreaux-photography-22-e1738753576840.jpg\" data-orig-size=\"3858,2895\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1737741745&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1903-Citracado-Parkway-rgreaux-photography-22\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Image courtesy of RAF Pacifica Group&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1903-Citracado-Parkway-rgreaux-photography-22-e1738753576840.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1903-Citracado-Parkway-rgreaux-photography-22-e1738753576840.jpg\" alt=\"Exterior shot of Escondido Logistics Center, an industrial property in San Diego, Calif.\" class=\"wp-image-1004745883\" style=\"width:400px\"\/><\/a><figcaption class=\"wp-element-caption\">The two facilities include 28-foot clear heights and are on a 7-acre site. <em>Image by Robert Greaux Photography, courtesy of RAF Pacifica Group<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>RAF Pacifica Group has completed Escondido Logistics Center, a two-building,147,054-square-foot industrial property in Escondido, Calif. Development costs rose to $60 million.<\/p>\n\n\n\n<p>The San Diego Water Authority acquired one of the buildings upon completion, in a $38.8 million deal brokered by Colliers International. Cushman &amp; Wakefield represented the seller in the transaction and is marketing the second property for lease.<\/p>\n\n\n\n<p>RPG secured a $11.4 million construction loan from City National Bank in 2023, CommercialEdge data shows. The company acquired the development site in 2022 for $4.5 million from JRMC Real Estate, according to San Diego County public records.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background is-style-wide\" style=\"background-color:#e1e1e1;color:#e1e1e1\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-deliveries\/\">Top 5 Markets for Industrial Deliveries<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background is-style-wide\" style=\"background-color:#e1e1e1;color:#e1e1e1\"\/>\n\n\n\n<p>The 7-acre property is at 1903 and 1943 Citracado Parkway, within Escondido Research and Technology Center, a 22-acre business campus. It is near Interstate 15, which allows for easy access to San Diego and Los Angeles. Montgomery-Gibbs Executive Airport is 25 miles away while San Diego International Airport is within 33 miles.<\/p>\n\n\n\n<p>Escondido Logistics Center&#8217;s two buildings measure 88,000 and 58,000 square feet. Features include 28-foot clear heights, grade-level loading doors, dock doors and heavy power. RPG envisioned the property to accommodate manufacturing and distribution users.<\/p>\n\n\n\n<p>Executive Vice Chairman Aric Stark and Senior Director Drew Dodds with Cushman &amp; Wakefield are marketing the remaining 58,000-square-foot facility for lease.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-some-5-5-million-square-feet-planned-for-san-diego\">Some 5.5 million square feet planned for San Diego<\/h2>\n\n\n\n<p>A few large deliveries took shape in metro toward the end of last year. Among these was Chestnut Properties&#8217; 380,000-square-foot Gillespie Field iPark in El Cajon, Calif. In January 2024, the developer secured $91 million in <a href=\"https:\/\/www.commercialsearch.com\/news\/chesnut-properties-takes-91m-loan-for-industrial-project\/\" target=\"_blank\" rel=\"noreferrer noopener\">construction funds for the project<\/a>, which was already 40 percent preleased to GKN Aerospace.<\/p>\n\n\n\n<p>During the last quarter of 2024, the San Diego industrial market had 2.8 million square feet of space under construction, with an additional 5.5 million square feet in the planning and permitting stages, according to a Cushman &amp; Wakefield report. A significant share of this upcoming space is in the Otay Mesa submarket.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The developer already sold one of the buildings.<\/p>\n","protected":false},"author":2991,"featured_media":1004745883,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,1608,15],"tags":[35498,34908,32825],"class_list":["post-1004745873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-san-diego","category-west","tag-colliers","tag-cushman-wakefeld","tag-raf-pacifica-group"],"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>RAF Pacifica Group Delivers $60M San Diego Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"RAF Pacifica Group has delivered Escondido Logistics Center, a two-building,147,054-square-foot industrial property in Escondido, Calif.\" \/>\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\/raf-pacifica-group-delivers-60m-san-diego-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RAF Pacifica Group Delivers $60M San Diego Project\" \/>\n<meta property=\"og:description\" content=\"RAF Pacifica Group has delivered Escondido Logistics Center, a two-building,147,054-square-foot industrial property in Escondido, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-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=\"2025-02-05T16:56:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-06T09:28:25+00:00\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1903-Citracado-Parkway-rgreaux-photography-22-e1738753576840.jpg\" \/>\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\/raf-pacifica-group-delivers-60m-san-diego-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/\",\"name\":\"RAF Pacifica Group Delivers $60M San Diego Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1903-Citracado-Parkway-rgreaux-photography-22-e1738753576840.jpg\",\"datePublished\":\"2025-02-05T16:56:18+00:00\",\"dateModified\":\"2025-02-06T09:28:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"RAF Pacifica Group has delivered Escondido Logistics Center, a two-building,147,054-square-foot industrial property in Escondido, Calif.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1903-Citracado-Parkway-rgreaux-photography-22-e1738753576840.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1903-Citracado-Parkway-rgreaux-photography-22-e1738753576840.jpg\",\"width\":3858,\"height\":2895,\"caption\":\"Image courtesy of RAF Pacifica Group\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RAF Pacifica Group Delivers $60M San Diego Project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\",\"name\":\"Simona Tudose\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"caption\":\"Simona Tudose\"},\"description\":\"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"RAF Pacifica Group Delivers $60M San Diego Project - Commercial Property Executive","description":"RAF Pacifica Group has delivered Escondido Logistics Center, a two-building,147,054-square-foot industrial property in Escondido, Calif.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/","og_locale":"en_US","og_type":"article","og_title":"RAF Pacifica Group Delivers $60M San Diego Project","og_description":"RAF Pacifica Group has delivered Escondido Logistics Center, a two-building,147,054-square-foot industrial property in Escondido, Calif.","og_url":"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-02-05T16:56:18+00:00","article_modified_time":"2025-02-06T09:28:25+00:00","author":"Simona Tudose","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1903-Citracado-Parkway-rgreaux-photography-22-e1738753576840.jpg","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/","url":"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/","name":"RAF Pacifica Group Delivers $60M San Diego Project - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1903-Citracado-Parkway-rgreaux-photography-22-e1738753576840.jpg","datePublished":"2025-02-05T16:56:18+00:00","dateModified":"2025-02-06T09:28:25+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"description":"RAF Pacifica Group has delivered Escondido Logistics Center, a two-building,147,054-square-foot industrial property in Escondido, Calif.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1903-Citracado-Parkway-rgreaux-photography-22-e1738753576840.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1903-Citracado-Parkway-rgreaux-photography-22-e1738753576840.jpg","width":3858,"height":2895,"caption":"Image courtesy of RAF Pacifica Group"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-group-delivers-60m-san-diego-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"RAF Pacifica Group Delivers $60M San Diego Project"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4","name":"Simona Tudose","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","caption":"Simona Tudose"},"description":"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/1903-Citracado-Parkway-rgreaux-photography-22-e1738753576840.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004745873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2991"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004745873"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004745873\/revisions"}],"predecessor-version":[{"id":1004746171,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004745873\/revisions\/1004746171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004745883"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004745873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004745873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004745873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}