A 202,844-square-foot multi-functional industrial asset located at 1 Viper Way in Vista was recently acquired by RPG for $26.1 million. The North County facility was fully vacant at the time of sale.
RPG plans to redevelop the property, repositioning the industrial manufacturing facility to a core industrial buildout by expanding the warehouse area, removing mezzanine and adding extensive dock and grade-level doors to the front of the building. The new buildout will be conducive to e-commerce and distribution-center uses in addition to manufacturing. The facility will feature efficient cross-dock loading, 28-foot clear heights, an ESFR sprinkler system and some office space.
Aric Starck, Bill Cavanagh and Drew Dodds with Cushman & Wakefield represented the seller, Stockbridge, a private equity real estate investment management firm based in San Francisco, in the transaction. Cushman & Wakefield was also hired by RPG to perform project leasing.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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