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California  + San Diego  + Industrial  | 
North County Corporate Center

Black Creek Group Nabs NoCo Corporate Center for $148M

North County Corporate Center (NCCC), a five-building 493,898-square-foot institutional-quality industrial distribution campus in Vista, CA, recently sold for $147.5 million. The buyer was Black Creek Group.

NCCC is widely known as North San Diego County’s largest pure industrial distribution project, and is situated in a high-image business park environment.

Newmark’s Bret Hardy, Jim Linn, Andrew Briner, Brunson Howard and Kevin Shannon represented the seller, Barings, a large investment manager.  

“North County Corporate Center is the largest pure industrial distribution park in North County San Diego. The property is 100 percent occupied, and offers solid in-place cash flow from a diverse rent roll with six credit tenants and staggered lease expirations,” said Hardy. “Additionally, below-market rents and forecasted hyper-inflationary industrial rent growth make this project an ideal core-plus investment for Black Creek Group.”

The project is designed to cater to a wide variety of unit sizes, tenants and uses with suites ranging in size from approximately 21,000 to 123,000 square feet, and buildings ranging from 71,464 to 123,270 square feet. This range of suite and building sizes enables both single- and multi-tenant occupancy and allows tenants to grow within the park.


Inside The Story

Bret Hardy

About Lisa Brown

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.

  • ◦Sale/Acquisition
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