Black Creek Group Buys San Diego’s Largest Industrial Asset

Denver-based investor Black Creek Group has acquired 2020 Piper Ranch Rd, a 601,417-square-foot multi-tenant industrial building in San Diego, from an unnamed institutional investor. The property is the largest industrial asset in San Diego, located on 31 acres in the Otay Mesa and near the US-Mexico border crossing.

“The industrial sector has seen tremendous growth and strength during the most recent months. 2020 Piper is a prime example of a class-A asset in one of the strongest growth markets on the West Coast,” Bryce Aberg, executive managing director at Cushman & Wakefield, tells GlobeSt.com. “The quality of the real estate and size of the asset was very attractive to institutional capital.” Aberg along with Cushman & Wakefield’s Jeff Cole, Jeff Chiate, Ed Hernandez, Mike Adey and Zach Harman of the firm’s national industrial investment advisory group in Southern California represented the seller in the transaction, while Aberg and Bill Dolan of Cushman and Rob Hixson of CBRE also provided local market leasing expertise.