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$7.7M Nets 37-Acre Oceanside Parcel

OCEANSIDE, CA-Orange County-based bkm Development Co. LLC acquires the property with plans to construct an industrial development on the parcel. First phase groundbreaking on the project, known as Oceanside Gateway Business Park, is slated for the latter part of this year's fourth quarter.

By Erin Cassin | Updated on July 30, 2003

OCEANSIDE, CA-A 37-acre site in Oceanside has been acquired by Orange County-based bkm Development Co. LLC, which has plans to build a master-planned industrial project on the site.

The developer has paid $7.7 million for the property, which is located on the south side of Oceanside Boulevard, east of College Avenue and west of Peacock Avenue. The proposed project, which will incorporate up to 529,000 sf, will consist of freestanding buildings, multi-tenant space and build-to-suit opportunities. Irvine-based Ware Malcomb is designing it with first phase groundbreaking slated for the fourth quarter of this year. Wells Fargo Bank is the project’s lender. The marketing team consists of Jim Spain and Josh McFadyen of Colliers International, along with Joe McDermott of Coldwell Banker Commercial North County Properties.

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