Who’s Looking to Lease in National City?

Alsadek: “San Diego has many small submarkets such as National City, Point Loma and Governor Park, and all investors looking at deals in those smaller submarkets focus on the bigger regional picture.”

NATIONAL CITY, CA—The National City area has seen tremendous interest from hospitality, retail and lifestyle tenants, with prominent new construction planned along the Chula Vista Bayfront continuing to broaden the region’s appeal to a more diverse tenant base, CBRE EVP Louay Alsadek tells GlobeSt.com. As we recently reported, Alsadek and advisor Hunter Rowe recently represented a joint venture between Walton Street Capital and Greenlaw Partners in the sale of South Bay Corporate Center at 401 Mile of Cars Way here to Bosa Development for $42.8 million. The 189,588-square-foot office building was 100% leased at the time of sale and features a diverse tenant roster including the County of San Diego, ITT Technical Institute, TDK, and Episcopal Community Services. We spoke exclusively with Alsadek about the property, the office-investment market in National City and the tenants who are drawn to this submarket.

GlobeSt.com: What stands out for you about South Bay Corporate Center?