Murphy Development is bringing new supply to San Diego's supply-constrained industrial market. The firm has broken ground on two industrial facilities at Brown Field Technology Park in Otay Mesa totaling more than 200,000 square feet.
"The inventory of class-A industrial buildings throughout San Diego County is at an all time low," Andy Irwin, a VP at JLL, tells GlobeSt.com. "There is significant demand for good functional warehousing and manufacturing space. We have most of the new construction get pre-leased or leased shortly after it is delivered. Murphy Development delivered a new building in early 2020 and despite the slow down due to COVID, leased a majority of the building within a few months of completion. The continued demand for new buildings by credit tenants has prompted Murphy and a number of other developers to launch new construction to meet this demand."
The two properties include a 105,150-square-foot building and a 123,913-square-foot building. Both buildings are being built on spec and are scheduled for delivery in the third quarter. "Murphy Development designs buildings that are top in their class," says Irwin. "A state of the art business park coupled with the best location within the Otay Mesa submarket help to set Brown Field Technology apart from the competition. Their goal is to attract high quality tenants that are looking for a great working environment for their employees."
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