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Where Does SD Fall in the Industrial Cycle?

SAN DIEGO—The market is somewhat behind other markets and still has plenty of runway, RAF Pacifica's Adam Robinson tells GlobeSt.com in this EXCLUSIVE look at a major portfolio acquisition by the new firm.

By Carrie Rossenfeld | carrierossenfeld | Updated on April 08, 2016

Adam Robinson Robinson: “There’s a period of time here where we’re going to be able to fill a newer, edgier, industrial/office prototype that’s different from anything else built in San Diego.”

SAN DIEGO—The San Diego industrial market is somewhat behind other West Coast markets and still has plenty of runway, RAF Pacifica principal Adam Robinson tells GlobeSt.com. The newly formed firm and Stos Partners have acquired a 277,040-square-foot portfolio from an undisclosed seller consisting of 16 individual buildings throughout six multi-tenant industrial business parks in San Diego County. The portfolio was 100% leased at the time of the sale, and the buyer plans to invest in each of the projects to enhance the value and increase tenant rents to market rate.

GlobeSt.com spoke exclusively with Robinson and Randy LaChance, SIOR, SVP with Voit Real Estate Services, who led a team that represented both parties in the transaction, about the deal and why industrial investors are drawn to the San Diego market.

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