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California  + San Diego  + Industrial  | 

Logistics Firm Lands Rancho Bernardo Final Mile Facility for $60.5M

Annapolis, MD-based Realterm Logistics acquired Bernardo Mesa Technology Center, a 180,946-square-foot warehouse in San Diego, from a joint venture between Chicago-based Walton Street Capital and Orange County-based Greenlaw Partners for $60.5 million. Located on a 14.8-acre site at 16550 Via Esprillo in the Rancho Bernardo submarket, the final-mile distribution facility is 100% leased to an undisclosed global e-commerce company.

Realterm Logistics’ Paul Underwood says, “This property is one of the best examples we have seen of the e-commerce backbone necessary to support direct to consumer delivery.”

CBRE Capital Markets’ Louay Alsadek, Darla Longo, Barbara Perrier, Michael Kendall and Hunter Rowe served as investment advisors on the deal.

Alsadek says, “Single-tenant industrial projects of this size and quality are rare investment opportunities in San Diego. Given its location in a prominent tech submarket and the stature of the credit tenant, Bernardo Mesa Technology Center generated significant interest from investors.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.