San Diego

The San Diego office of Cushman & Wakefield revealed thattwo industrial leases valued at a combined total of $9.3 millionhave been signed on Trade Street in the Miramar area of San Diego.The American Bottling Co., a bottling manufacturing company, hassigned a 120-month lease for 73,259 square feet of industrial spaceat 7598 Trade St. The company, which is expected to move inOctober, will occupy the entire building. Mickey Morera and JamesDuncan of C&W represented the landlord, Diversified PropertiesLP. David Crabb and Seth Kelly of CB Richard Ellis represented theAmerican Bottling Co. In the other transaction, R.W. Smith &Co., a professional, commercial food service company, has signed an84-month lease for 68,298 square feet of industrial space at7594-7596 Trade St. R.W. Smith & Co. will move into its newspace in September. Mickey Morera and James Duncan of Cushman &Wakefield represented R.W. Smith & Co., as well as thelandlord, Diversified Properties LP.

In another deal by the San Diego office of Cushman &Wakefield, the Harvey Lobelson Trust paid $10.1 million in a 1031Exchange for a recently constructed 75,000-square-footbuild-to-suit R&D building at 2065 Thibodo Rd. in Vista. Boththe buyer and the seller, LBA/Met Partners I-Company VIII, wererepresented by Tim Hoag of Cushman & Wakefield. The building is100% leased to BAE systems, a defense, security and aerospacecompany, which occupies the space for its Land and ArmamentsDivision. The buyer's 1031 Exchange involved the recently announcedsale of a 28,000-square-foot industrial building at 3738 Ruffin Rd.in the Kearny Mesa submarket of San Diego for $3.2 million. In thattransaction, the seller, Ruffin 4 Partners LLC, was represented byHoag. The buyer, Pete Aardema, was represented by Joshua Volen ofMarcus & Millichap.