New Kearny Mesa Distribution Facility Sells for $162M

Newmark has completed the sale of Kearny Mesa Logistics Center, 299,000-square-foot distribution facility in San Diego. The firm represented the sellers, Lincoln Property Company and a real estate fund advised by Crow Holdings Capital. The undisclosed buyer purchased the property for a reported $162 million.

“Kearny Mesa Logistics Center is one of the best industrial assets in San Diego, given its high-quality, sustainable design and scale. The property is strategically located to service the region and provide transportation solutions for a growing e-commerce customer base,” said Newmark’s Andrew Briner, who teamed with Kevin Shannon, Bret Hardy, Jim Linn, Brunson Howard and Ken White to facilitate the transaction.

The Class A industrial facility is located at 5650 Kearny Mesa Road on 15 acres, and is fully leased to a large e-commerce company. The project features modern finishes, a 36’ clear height, cross-dock configuration, abundant dock-high loading capabilities and 120’ concrete truck courts.

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Newmark's Andrew BrinerLincoln Property CompanyCrow Holdings

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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