OTAY MESA, CA—On behalf of Clarion Partners, JLL's Capital Markets experts has sold International Business Center, a seven-building industrial park with a 9.2-acre truck yard located outside San Diego in Otay Mesa. A private real estate investor purchased the 517,207-square-foot portfolio. JLL was also awarded the leasing assignment for the property.

Managing directors Bo Mills and Mark Detmer led the JLL team on the transaction, while managing director Jay Alexander, senior vice president Ryan Grove and senior associate Joe Anderson handled the leasing.

“This complex represents one of the largest single-owner projects in Otay Mesa,” said Mills. “The project is perfectly located within the submarket and offers a wide variety of amenities such as trailer parking, dock high and grade level loading and a wide range of suite sizes to accommodate nearly any size use. It is the closest property to the truck inspection terminal, located on the busiest land border in the world.”

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.