Black Creek Group is the New Owner of Distribution Center in Otay Mesa
Rockefeller Group recently sold a 135,623-square-foot distribution center situated on a 7.81-acre site in Otay Mesa to a fund managed by Black Creek Group. The price was undisclosed.
Rockefeller Group broke ground on Airway Industrial Park in September 2020 and completed construction earlier this month. It is the company’s first industrial development in South San Diego. Rockefeller Group has been focused on new opportunities in the San Diego area and the success of this project is validation of its confidence in the market.
“We entered the South San Diego/Otay Mesa industrial market for the first time with this project,” said Marc Berg, vice president and regional director for Rockefeller Group’s West Region. “We were able to successfully design and develop a quality class-A industrial building with features including truck trailer parking stalls to meet market demand.”
The project is located at 8150 Airway Rd., just east of the Britannia/SR-905 Interchange.
Black Creek Group was acquired by a subsidiary of Ares Management Corporation on July 1, 2021.
Rich Kwasny and Bob Mooney of Colliers International represented Rockefeller Group on the marketing and sale of the project. Mark Lewkowitz and Chris Holder represented Black Creek Group. Lewkowitz and Holder will handle leasing efforts for the new ownership.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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