A large industrial project in San Diego has been placed on the leasing market. The project known as Otay Border Crossings, would bring approximately 347,000 square feet of industrial space to the site along Paseo De La Fuente and is also available for sale, according to the listing from JLL.
The project will feature four warehouse and manufacturing buildings on a 26.1 acre site in East Otay Mesa, a landing page for the project on Kearny Real Estate’s website shows. Kearny Real Estate is the current owner of the site and initially acquired the project site in March of 2022. According to JLL, delivery for the project is set for the third quarter of 2023. JLL declined to share guidance pricing for the site.
Overall, the project site will be developed with four buildings totaling 52,000 square feet, 45,700 square feet, 50,100 square feet and 205,500 square feet. A 3.6-acre trailer yard is also included in project designs.
The project would be located adjacent to the future Otay II Port of Entry, a commercial border crossing currently under construction. The project is a joint venture between the San Diego Association of Governments and Caltrans in order to create a border crossing for the San Diego-Baja California region that will enhance binational trade and improve the overall movement of goods, services and passengers across the border, according to the project’s website.
Otay Border Crossings would also have immediate access to State Routes 905, 125 and 11. The area is also home to a large workforce of 345,031 people within 10 miles of the property as well as a number of major companies that surround the property. These include Amazon, XPO Logistics, Panasonic, Fedex, UPS and several others.
Since its founding in 1993, Kearny Real Estate has managed and developed more than 200 commercial real estate assets with values of more than $4.4 billion. With a focus on office, industrial and mixed-use projects, the Los Angeles-based company manages over 1.5 million square feet of office and industrial space.