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GlobeSt.com UPDATE: Timberline Breaks Ground on Retail Center

OTAY MESA, CA-Ocean View Hills Retail Center will include more than 16,000 sf of retail and restaurant space. The project recently inked deals with Cali Mart, Subway and Fred Loya Insurance as tenants.

By Daniel D. Williams | Updated on December 21, 2005

(To read more on the industrial market, click here.)

OTAY MESA, CA-Timberline Ocean View LLC recently broke ground on Ocean View Hills Retail Center, located at the corner of Otay Mesa Road and Corporate Center Drive. The center will include more than 16,000 sf of retail and restaurant space. The center has recently inked prelease deals with Cali Mart, Subway and Fred Loya Insurance.The center is adjacent to a 15,000-sf DMV facility. The project is set for a mid-2006 completion date. The project is gearing for the border traffic, which counts more than 11 million travelers each year.The retail center will serve as the gateway to a massive project that is already under way. At build-out, the area will see a 661,300-sf industrial business park known as Ocean View Hills Corporate Center. San Diego-based Sudberry Development Inc., an affiliate of Sudberry Properties, has teamed with an affiliate of Morgan Stanley Real Estate Advisor Inc. to acquire a 36.6-acre site along the western end of Otay Mesa Road. The pair picked up the land for some $9.1 million and will develop Phase III of Ocean View Hills Corporate Center on the site.The partnership acquired the land from Pardee Homes. The parcel is the last piece of land to go on the 89-acre Ocean View master plan.For Phase III, the project will include six one-story, tilt-up concrete buildings. Kwasny says the buildings sizes are 183,000 sf, 152,000 sf, 110,000 sf, 98,000 sf, 62,000 sf and 55,000 sf. The space will be available on a for-lease basis.Grading has already begun and the project should be completed by January 2007. Smith Consulting Architects has been brought onboard to design the park.

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