TA Realty Divests Multi-Tenant Otay Mesa Industrial
Cushman & Wakefield advised the sale of Empire Centre, a 132,667-square-foot multi-tenant industrial project on more than 8.5 acres in the Otay Mesa community of San Diego. The asset was acquired by T&S Empire LLC for an undisclosed price.
Bryce Aberg, Jeff Chiate, Jeff Cole, Rick Ellison, Mike Adey, Zach Harman, and Brad Brandenburg of Cushman & Wakefield’s National Industrial Investment Advisory Group in Southern California represented the seller, TA Realty. Brant Aberg, Regan Tully, and Trent Smith with Cushman & Wakefield also provided local market advisory.
“The property boasts a strategic San Diego South County location that is proximate to many critical logistical destinations, both domestically and internationally, including the Ports of Los Angeles and Long Beach, multiple airports, and the U.S./Mexico border,” said Bryce Aberg.
Built in 1999, the property consists of two freestanding multi-tenant buildings located at 7880 and 7920 Airway Rd. that were essentially fully leased to 16 tenants at the time of sale.
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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).