Development Begins Here After 10-Year Lull

Couvillion: “As the market in Escondido continues to grow stronger, more businesses are looking to locate in the area, thus creating a critical need for new industrial development.”

ESCONDIDO, CA—With no new industrial development in more than a decade and current vacancy levels around 1.9%, Escondido, CA, can best be described as undersupplied—but that is beginning to change, Badiee Development’s VP of development John Couvillion tells GlobeSt.com. The firm plans to develop the Escondido Victory Industrial Park following the $1.3-million acquisition of a 4.87-acre parcel at 2005 Harmony Grove Rd. here, ending a 10-year lull in industrial development in this submarket of San Diego. Colliers International’s Tucker Hohenstein and Mike Erwin were the listing brokers for the industrial park.

The planned two-building, 91,000-square-foot project, designed by Ware Malcomb, is suited for one or two larger tenants and will feature a 26-foot clear height, grade-level and dock-high loading, mezzanine space and outdoor common areas that enhance connections to the Escondido Creek and trails. Badiee plans to break ground in late Q4.