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.”
The International Business Center is one mile from the new cross-border international airport terminal for Tijuana Airport.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. In 2014, JLL Capital Markets completed $118 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 1,700 specialists, operating all over the globe.
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