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Deal Aims to Draw Large Industrial Tenant to SD Market

Badiee Development sells two land parcels, originally slated for other projects, to Exeter Property Group to develop a distribution building in a market starved for industrial space.

By Carrie Rossenfeld | carrierossenfeld | Updated on August 30, 2017

Ben Badiee Badiee: ““It’s completely rare to sell a property when you’re in the middle of the grading process and then partner with a high-caliber, national real estate company like Exeter Property Group on a new larger project.”

ESCONDIDO, CA—Badiee Development has sold two land parcels, originally slated for other projects, to Exeter Property Group to develop an industrial-distribution building in a market, like many in Southern California, that’s starved for industrial space. The parcels were initially planned for the development of the Escondido Innovation Center and Escondido Victory Industrial Park, two multi-tenant projects; Exeter now plans to build a single-tenant, approximately 200,000-square-foot project on the site in conjunction with Badiee as the project developer.

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