Kearny Starts Construction of Otay Crossings’ Final Phase
Kearny Real Estate, the master developer of the 311-acre Otay Crossings Commerce Park in the Otay Mesa submarket of San Diego, has begun construction on the 26-acre final phase of the project. Located adjacent to the future U.S.-Mexico Point of Entry, the development will consist of four buildings ranging in size from 45,000 to 205,500 square feet.
“The Otay Mesa industrial market has experienced tremendous growth over recent years,” said Kearny’s Jeff Givens. “Market vacancies have hovered around 3% and a growing diversified base of users have migrated to the Otay market as the need for Class A industrial facilities has increased across San Diego County.”
The buildings will feature dock-high and grade-level doors, 32’ to 36’ clear heights and truck courts with depths up to 180 feet. Delivery of the first 45,000-square-foot building is expected in the fourth quarter of 2023, with the remaining buildings to be delivered in early 2024.