Will Redevelopment Help Increase the Industrial Supply?

Bernard Huberman

San Diego investors are looking for ways to boost the tight industrial supply in the market, but with limited land available for new development, options are limited. BLT Enterprises, however, recently brought high quality industrial product to market with the redevelopment of an office property into flex-industrial. The project was redeveloped with flexibility in mind to attract a range of small-box industrial users, from R&D companies to warehouse space.

“The had good bones and a single-tenant feel with its own yard and its own real estate around the building,” Bernard Huberman, founder and president of BLT Enterprises, tells GlobeSt.com. “It was originally built as a two-story industrial building, and in the 1980s, someone filled in the mezzanine and converted it to office. It was really under parked for the market as office. We brought it back to its original square footage to create an R&D flex industrial building, and it really suites a wide range of the market.”