California + San Diego + Industrial | April 23, 2022

Cushman & Wakefield Report: San Diego Industrial Sector Continues to Shine

BentallGreenOak Snags North County Industrial Portfolio

Cushman & Wakefield brokered the sale of a 614,020-square-foot Class A industrial portfolio consisting of seven manufacturing and distribution buildings in the northern San Diego submarkets of Carlsbad, Vista and San Marcos. BentallGreenOak acquired the portfolio for an undisclosed sum.

A Cushman & Wakefield Capital Markets team of Jeffrey Cole, Aric Starck, Jeff Chiate, Mike Adey, Ed Hernandez and Drew Dodds represented the seller.

“This was a rare as well as prime opportunity for an investor to acquire a core industrial portfolio in San Diego’s North County, and that is well located and supported by a robust tenancy,” said Cole. “The portfolio provides excellent diversification with 11 tenants ranging from 10,200 to 162,000 square feet.”

He added, “According to our tracking, this critical mass of quality industrial real estate represented just the second largest portfolio offering to be made available in north San Diego over the last 10-year period.

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Inside The Story

Cushman & Wakefield's Cole

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).