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Black Creek Group has acquired North County Corporate Center in $147.5 million from Barings. At 493,898 square feet, NCCC is the largest pure industrial distribution center in Vista, California. It was 100% leased at the time of the sale.

The five-building property is located in a high-image business park environment. It features 26-foot clearances, ESFR and ESFR-ready sprinkler systems, abundant dock-high loading, large truck yards and modern offices. It was built to cater to a variety of users of different sizes. It is currently 100% leased to six tenants, creating “solid, in-place cash flow from a diverse rent roll with…staggered lease expirations,” according to Bret Hardy, executive managing director at Newmark.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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