Ben Badiee Badiee: ““It’s completely rare to sell a property when you’re in the middle of the grading process and then partner with a high-caliber, national real estate company like Exeter Property Group on a new larger project.”

ESCONDIDO, CA—Badiee Development has sold two land parcels, originally slated for other projects, to Exeter Property Group to develop an industrial-distribution building in a market, like many in Southern California, that’s starved for industrial space. The parcels were initially planned for the development of the Escondido Innovation Center and Escondido Victory Industrial Park, two multi-tenant projects; Exeter now plans to build a single-tenant, approximately 200,000-square-foot project on the site in conjunction with Badiee as the project developer.

Ben Badiee, CEO of the firm, tells GlobeSt.com, “It’s completely rare to sell a property when you’re in the middle of the grading process and then partner with a high-caliber, national real estate company like Exeter Property Group on a new larger project. Buildings of this size are not typical for Escondido, but with the rise in demand for ‘last-mile’ industrial space and scarcity of local development sites, Exeter Property Group recognized the opportunity to partner with us on this new project.”

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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