SAN DIEGO-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that Murphy Development Co. will start development on Brown Field Technology Park, a 50-acre corporate industrial and office park that flanks SR-905 at the Britannia Boulevard on/off ramp in Otay Mesa.
Final maps are recorded and all entitlements have been secured for development up to 3.2 million square feet, making this a shovel-ready project. The property is in an ideal location for business, positioned within a US Department of Commerce Foreign Trade Zone and within an Enterprise Zone, which both offer important tax incentives for local companies, according to a prepared statement.
“Brown Field Technology Park offers potential tenants state-of-the-art design, large setbacks, impeccable corporate image and landscaping, and LEED-inspired energy efficiency, coupled with San Diego's lowest occupancy costs,” says R. Michael Murphy, president of Murphy Development, in a prepared statement. Brown Field Technology Park is located just 20 miles from downtown San Diego and San Diego International Airport, and 22 miles from Kearny Mesa.
According to a statement, tt is one of only three locations in the county that can accommodate companies in need of a campus site larger than 500,000 square feet. “Lots are available for sale and construction of build-to-suit properties can commence immediately for fast-track delivery. The park can also accommodate companies in need of mid-rise office or engineering space, as Murphy Development has obtained approval from the San Diego Regional Airport Authority, allowing for development of six-story office buildings on the site.”
Logistically, Murphy adds, “Brown Field Technology Park is ideally situated for easy access to the entire Southwest and Mexico. “
In 1986 Murphy Development completed its first project in San Diego, the 80-acre San Diego Business Park, which was the first class A corporate business park development on Otay Mesa, according to a statement. The company developed 1.3 million square feet of corporate industrial facilities there, including build-to-suits for Fortune 500 companies Sanyo, Casio and American Home Products.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
