New Requests From Today’s Industrial Tenants

Arduino: “Unfortunately, lead times for permits and TI costs are not as fast and low, respectively, as they used to be, so that is a challenge in today’s market.”

SAN DIEGO—Two things in particular have risen in importance with today’s industrial tenants that they weren’t requesting as little as five years ago, Murphy Development EVP and partner Kaitlin Arduino tells GlobeSt.com. The firm has signed five leases this year, totaling 386,401 square feet—including three new leases—at the Campus at San Diego Business Park in Otay Mesa. Tenants include the GSA; kSARIA, a leader in fiber-optic-connectivity manufacturing technology; Brokerage and Logistics Solutions Inc., a binational integrated logistics-services company; Panasonic; and Mainfreight, a logistics company headquartered in New Zealand.

After having built the original project in the mid-’80s, Murphy reacquired approximately half of the business park earlier this year from the Panasonic Corp. of North America and renamed it the Campus at San Diego Business Park. The project is undergoing a $15-million renovation that includes new landscaping, outdoor amenities, new energy-efficient glass on all offices, new lobbies, additional dock-high and grade doors and solar-system upgrades.