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PacVentures Divests Chula Vista Industrial

Orange County-based Rethwisch Enterprises, LLC acquired a 79,611-square-foot, single-tenant industrial building in Chula Vista, CA from an affiliate of San Diego-based PacVentures, Inc. for $9.4 million

PacVentures had acquired the asset in 2012 for $3.2 million, and subsequently completed a significant modernization program. At the time, the building’s tenant, Nypro San Diego, had one year remaining on its lease, and during that same time period it was acquired by Jabil. The improvements helped Nypro decide to extend its lease for eight years.

Colliers International’s Paul Lafrenz represented the seller. Ashwill Associates’ Steve Brackman represented the buyer.

Lafrenz notes it was a risky move to acquire an asset without long-term tenancy in place. He says, “With San Diego’s booming industrial market today and retention of the tenant, PacVentures enjoyed a great win on this investment.”

For comments, questions or concerns, please contact Dennis Kaiser


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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.

  • ◦Sale/Acquisition
  • ◦Lease
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