California + San Diego + Industrial | May 28, 2021

San Diego County Industrial Fires on All Cylinders

San Diego County recorded a historic amount of industrial development in the last year, particularly in the Otay Mesa area due to Amazon constructing a 3.3 million-square-foot distribution facility there. The top lease in first quarter 2021 was Quidel Corporation, a healthcare manufacturer that absorbed 128,745 square feet in Carlsbad at 2285 Rutherford Rd. The top sale was a two-building 333,436-square-foot industrial asset that traded for $57 million or approximately $173 per square foot, according to Lee & Associates research.

In other notable sale news, a 157,000-square-foot multi-tenant industrial building in San Marcos recently sold for $16.3 million. John Orlando of Lee & Associates North San Diego County represented the seller, San Marcos Plaza JVP LLC, and Phil Linton of CBRE represented the undisclosed buyer.

North County San Diego encompasses Vista, Escondido, San Marcos, Oceanside and Carlsbad.

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John Orlando

About Lisa Brown

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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