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California  + San Diego + San Diego  + Industrial  |  October 27, 2021
10225-Willow-Creek-Rd-San-Diego
Lisa Brown
By: Lisa Brown

Vacant Industrial Warehouse Gets New Life in Scripps Ranch

A $33 million joint venture equity partnership was recently arranged for the acquisition of a 71,168-square-foot vacant industrial warehouse at 10225 Willow Creek Rd. in the Scripps Ranch area of San Diego. JLL worked on behalf of the Luminous Capital Management (LCM) to arrange the partnership with Austin-based Virtus Real Estate Capital. Additionally, the new ownership engaged JLL to lease the project.

Completed in 1979, the two-story industrial building features clear heights ranging from 14 to 16 feet. LCM plans to reposition the value-add property into a high-image industrial asset for life sciences manufacturing uses. Renovations include creating 28-foot clear heights, which will better facilitate the production of pharmaceuticals and other therapeutics.

10225 Willow Creek Rd. is within the Interstate 15 Corridor, which is highly sought-after due to its proximity to established life sciences clusters.

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Luminous Capital Management

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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