OCEANSIDE, CA—McDonald Property Group, an industrial development company headquartered in Newport Beach, CA, has formed a development agreement with an entity owned by First Industrial Realty Trust to develop La Pacifica II, a three-building, 237,275-square-foot industrial park.

“We're pleased to be developing this project for First Industrial and we have every expectation that it will meet with success in the North San Diego County Market,” said Bruce McDonald, principal and founder of McDonald Property Group.

First Industrial Realty Trust is a publically traded REIT and is a leading owner, operator, and developer of industrial real estate with 66 million square feet of industrial properties under management nationwide. Ryan McClean, West Coast market leader, Larry Cochrun, director of development, and Jerry Devon, market leasing director, will lead the First Industrial Los Angeles team on this project, along with McDonald Property Group.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.