Final Piece of 2.1M Industrial Build Breaks Ground

Murphy Development has broken ground on the final piece of the massive 18-building, 2.1 million-square-foot Siempre Viva Business Park in Otay Mesa. The project has become well-known for its large corporate tenants, like FedEX, Bose and General Dynamics. The final building in the project will ring in at 79,050 square feet, and will have class-A features like landscape setbacks, high clear heights, functional loading docks areas and truck courts. JLL’s Andy Irwin and Joe Anderson are handling leasing efforts at the project.

“We are targeting good corporate tenants to compliment the mix in the market,” Irwin tells GlobeSt.com. “They tend to gravitate toward projects that have already been validated by other corporate occupants. We are in talks with a number of companies that are looking at an adjacent building that delivered in 2016 as well as this building.”

The building is an ideal size for the market, where 70,000 to 80,000-square-foot buildings are in the highest demand. “Once you get over 100,000 square feet in San Diego, demand falls off sharply,” adds Irwin. “The bigger distribution centers tend to go to the Inland Empire. We are more of a destination industrial market or we see some flow of shopping between Mexico and the US. That is another benefit to the Otay market.”