Industrial

San-Francisco-based Terreno Realty acquired the property in December 2010 for approximately $9 million.

Industrial land prices are reaching historical highs, and are now competitive with multifamily in some submarkets.

16 Law Drive provided the ideal opportunity to meet JEEN International's current space needs while offering substantial opportunities to renovate the property to suit long-term requirements.

In order to recruit and retain workers, industrial may need amenities similar to offices.

“Tenants will find great value in the impressive, long-term energy economics, highly reliable infrastructure, Ascent's personalized, around-the-clock support, secure location and enterprise-grade data center,” says Phil Horstmann, CEO of Ascent.

Private and institutional capital sources are teaming up to take advantage of both large and small industrial deals in Southern California.

Industrial tenants with multiple locations want to consolidate, but with a limited availability of 100,000-square-foot-plus industrial facilities in San Diego, it is easier said than done.

But it's still not certain if this will have more than a short-term impact.