A joint venture between San Diego-based Elevation Land Company and a real estate fund advised by Crow Holdings Capital will soon begin construction of Otay Business Park, a 1.8-million-square-foot industrial complex in the Otay Mesa submarket of San Diego. According to Cushman & Wakefield, the spec development is one of SoCal’s largest new Class A distribution projects.

Cushman & Wakefield’s Brant Aberg, Ryan Downing and Trent Smith have been retained for project leasing services. “Otay Business Park will be a state-of-the-art project that is both highly flexible and functional,” said Aberg. “The project will offer users a highly convenient, modern location that is proximate to many vital logistics destinations.”

Phase I of Otay Business Park, expected to be completed in the second half of 2024, will consist of approximately 1 million square feet across five buildings. Key features of the development include 32’ to 36’ clear height, 325 dock-high loading positions and 16 grade-level doors.