Encompassing 83,411 sf, the industrial facility is located at 7615 Siempre Viva Rd. near the 805 and 905 freeways. Buyer Tara Materials Inc. plans to relocate its Hy-Jo picture frame division into the newly acquired asset.
Tara Materials Inc. was represented by Chris Holder of Burnham Real Estate Services ONCOR International. Darren Mullins and Louay Alsadek of Business Real Estate acted on behalf of the seller, Master Development Corp.
The entire Britannia Corporate Center complex stands on the southeast corner of Britannia Boulevard and Siempre Viva Road in the State Enterprise Zone and Foreign Trade Zone. Construction on the 15-acre Otay Mesa complex was completed in July 2002, with 55% of the project already sold.
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