How SD Industrial Differs From Nearby Markets

The Pacific Coast Collection will be developed on 25 acres of land in Oceanside, CA.

OCEANSIDE, CA—San Diego’s industrial users seek space for everything from headquarters to sales to back office, while Riverside and San Bernardino County users demand strictly manufacturing and warehouse facilities, McDonald Property Group’s president Bruce McDonald tells GlobeSt.com. The industrial development company headquartered in Newport Beach, CA, has entered into a development agreement with an affiliate of Industrial Property Trust Inc. to develop approximately 25 acres of land in Oceanside’s Pacific Coast Business Park into a four-building, 396,220-square-foot industrial park in called Pacific Coast Collection. The Pacific Coast Collection represents the second development in Oceanside for McDonald.

In October, IPT, an industrial REIT that owns and operates distribution warehouses throughout the US, acquired, either directly or through its affiliates, three existing buildings totaling 73,747 square feet and approximately 25 acres of land from BRE Pacific Coast Business Park Owner LLC, an affiliate of Blackstone, for $25.7 million. The project is anticipated to consist of four light-warehouse manufacturing buildings along Rocky Point Dr. that measure approximately 110,190 square feet, 51,360 square feet, 125,310 square feet and 109,360 square feet. The buildings can accommodate up to two users in varying sizes with target tenant sizes in the 50,000-square-foot to 100,000-square-foot range and is anticipated to be delivered in early 2018.