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LaSalle Lands Otay Mesa Industrial Portfolio from Murphy
LaSalle Investment Management acquired a two-building industrial portfolio totaling 201,020 square feet in San Diego’s Otay Mesa submarket from San Diego-based Murphy Development Company. Situated on 14.62 acres within Siempre Viva Business Park, the properties are located at 8500 Kerns St. and 2600 Melksee St.
Murphy Development Company’s Kaitlin Arduino says, “The sale of our last two buildings at the 2.1-million-square-foot Siempre Viva Business Park is bittersweet for us. We’ve had a successful track record in this park, which we started back in the early 2000s, landing a number of Fortune 500 tenants over the years, including Becton Dickinson and Mainfreight.”
Originally constructed in 2016 and 2019, the portfolio properties feature 28- to 32-foot clear heights, wide truck courts, loading via 50 dock-high and eight grade-level doors and a low office build-out.
HFF’s Nick Psyllos and Kara Mathis represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


