{"id":1004815540,"date":"2026-10-15T05:44:47","date_gmt":"2026-10-15T13:44:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004815540"},"modified":"2026-10-15T05:44:49","modified_gmt":"2026-10-15T13:44:49","slug":"exclusive-nuveen-northpoint-shake-hands-for-san-diego-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exclusive-nuveen-northpoint-shake-hands-for-san-diego-asset\/","title":{"rendered":"Exclusive: Nuveen, NorthPoint Shake Hands for San Diego Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6ad0ea41701b8&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004815541\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/exclusive-nuveen-northpoint-shake-hands-for-san-diego-asset\/nuveen-northpoint-sandiego\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/Nuveen-NorthPoint-SanDiego.jpg\" data-orig-size=\"640,480\" 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;0&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=\"Nuveen-NorthPoint-SanDiego\" data-image-description=\"&lt;p&gt;Proprietary image obtained from Yardi Matrix&#8217;s database. &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The 1999-completed facility is currently undergoing renovations. Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/Nuveen-NorthPoint-SanDiego.jpg?w=640\" 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\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/Nuveen-NorthPoint-SanDiego.jpg\" alt=\"Exterior shot depicting San Diego International Center, NorthPoint's new warehouse in San Diego.\" class=\"wp-image-1004815541\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/Nuveen-NorthPoint-SanDiego.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/Nuveen-NorthPoint-SanDiego.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><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\">The 1999-completed facility is currently undergoing renovations. <em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Nuveen has sold San Diego International Center, a 153,035-square-foot warehouse in San Diego, to NorthPoint Development, according to Yardi Matrix. The asset changed hands for $22.6 million.<\/p>\n\n\n\n<p>Marketing.com\u2019s envelope manufacturing arm leased the entire building in 2024. However, just one year later, the firm issued a Worker Adjustment and Retraining Notification for the warehouses\u2019 employees, signaling the end of operations at the property.<\/p>\n\n\n\n<p>Now, the facility is vacant and renovations are underway, according to a brochure by Cushman &amp; Wakefield, the brokerage firm providing leasing services for NorthPoint.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/6-ways-to-finance-your-deal-in-a-volatile-market\/\">6 Ways to Finance Your Deal in a Volatile Market<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Completed in 1999 at 8830 Siempre Viva Road, the industrial building features roughly a 9 percent office build-out, as well as clear heights between 24 and 26 feet, in addition to seven grade and 36 dock doors.<\/p>\n\n\n\n<p>The warehouse rises on nearly 8 acres within San Diego\u2019s Otay Mesa submarket, less than 1 mile from the U.S.-Mexico border crossing. Tijuana, Mexico\u2019s international airport, operates less than 4 miles away. \u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-otay-mesa-assets-attract-investors-in-a-softening-market\">Otay Mesa assets attract investors in a softening market<\/h2>\n\n\n\n<p>Otay Mesa is among the busiest border crossings for truck-borne trade with Mexico, alongside Laredo, Texas, and Ysleta, Texas, according to the Bureau of Transportation Statistics.<\/p>\n\n\n\n<p>Warehouses across the submarket continue to generate interest among the <a href=\"https:\/\/www.commercialsearch.com\/news\/top-commercial-real-estate-owners\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/top-commercial-real-estate-owners\/\">largest commercial real estate owners<\/a>, with PCCP acquiring the Airway Business Center from Blackstone for $24.4 million in July, Yardi Matrix shows. That property is less than 2 miles from San Diego International Center.<\/p>\n\n\n\n<p>However, the Otay Mesa momentum did not reflect broader San Diego industrial investment performance. The third-quarter sales volume clocked in at $241 million, marking a 9 percent year-over-year decline, according to a <a href=\"https:\/\/www.cushmanwakefield.com\/en\/united-states\/insights\/us-marketbeats\/san-diego-marketbeats\/industrial\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Cushman &amp; Wakefield report<\/a>. Assets changed hands for $234 per square foot on average between July and September, down 4 percent compared to last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The warehouse is close to the U.S.-Mexico border.<\/p>\n","protected":false},"author":3471,"featured_media":1004815541,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,51973,15],"tags":[32799,38189,37491],"class_list":["post-1004815540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-southwest","category-west","tag-cushman-wakefield","tag-northpoint-development","tag-nuveen"],"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>Exclusive: Nuveen, NorthPoint Shake Hands for San Diego Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Nuveen sold San Diego International Center, a warehouse in San Diego, to NorthPoint Development for $22.6 million.\" \/>\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\/exclusive-nuveen-northpoint-shake-hands-for-san-diego-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive: Nuveen, NorthPoint Shake Hands for San Diego Asset\" \/>\n<meta property=\"og:description\" content=\"Nuveen sold San Diego International Center, a warehouse in San Diego, to NorthPoint Development for $22.6 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/exclusive-nuveen-northpoint-shake-hands-for-san-diego-asset\/\" \/>\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=\"2026-10-15T13:44:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-15T13:44:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/Nuveen-NorthPoint-SanDiego.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\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\\\/exclusive-nuveen-northpoint-shake-hands-for-san-diego-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/exclusive-nuveen-northpoint-shake-hands-for-san-diego-asset\\\/\"},\"author\":{\"name\":\"Claudiu Tiganescu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/cbed638584257d6fb5a2a9c95c982b66\"},\"headline\":\"Exclusive: Nuveen, NorthPoint Shake Hands for San Diego Asset\",\"datePublished\":\"2026-10-15T13:44:47+00:00\",\"dateModified\":\"2026-10-15T13:44:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/exclusive-nuveen-northpoint-shake-hands-for-san-diego-asset\\\/\"},\"wordCount\":314,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/exclusive-nuveen-northpoint-shake-hands-for-san-diego-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/10\\\/Nuveen-NorthPoint-SanDiego.jpg\",\"keywords\":[\"Cushman &amp; 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