EastGroup Properties has acquired Viva Logistics Center II in the Otay Mesa area of San Diego from Siempre Viva Industrial II, an affiliate of IDS Real Estate Group, for $135 million. The class-A, four-building property totals 547,000 square feet on 29 acres.

Located at 8690 Kerns St., 2660 Sarnen St. and 8863 and 9043 Siempre Viva Rd., the property was built between 2001 and 2003, and features cross-dock and rear-load buildings with clear heights ranging from 24 to 32 feet, ample dock loading positions, wide column spacing, deep truck courts, low office finish and ample parking. The property is less than two miles from the Otay Mesa port of entry.

JLL director Ryan Spradling, one of the brokers that worked on the deal, called the property one of the "premier industrial projects in the market." The property also offers significant upside through filling the current vacancies.