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Otay Mesa: Booming Growth Along the Border

SAN DIEGO-At this Thursday's RealShare San Diego conference, industry leaders will discuss the market dynamics behind the rapidly growing border town. Other topics will focus on capital markets and corporate end users.

By Daniel D. Williams | Updated on June 05, 2007

SAN DIEGO-While Downtown San Diego has been in the spotlight due to its dynamic growth in recent years, it’s not the only area submarket with reason to thump its chest. Otay Mesa is just one of the submarkets growing at rates where developers are having trouble keeping up with the demand.

CJ Stos of Master Development Co. and Michael McCann of ING Clarion will be among the experts discussing the booming growth taking place in Otay Mesa. They’ll have plenty to talk about. This week another major development surfaced, with Kearny Real Estate Co. LLC acquiring 311.4 acres of raw land in Otay Mesa for $23.3 million.

The land surrounds the planned SR-11 highway extension. When completed, SR-11 will “connect Hwy 125 and Hwy 905 to the proposed third US-Mexico border crossing-port of entry,” according to officials with Colliers International, who represented the buyer. Kearny plans to develop Otay Crossings Commerce Park on the site.

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