Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO, CA-Locally based PETCO Animal Supplies Inc. has acquired two buildings and an adjacent parcel in the Sorrento Mesa area of San Diego that will more than double the size of its national headquarters campus located here.

The company has shelled out $14 million for the nine-acre parcel and the two-story facilities that encompass a total of 86,000 sf. The new acquisitions, which are located at 8945 Rehco Rd., will allow PETCO to expand its current headquarters complex that stands next door. In addition to the two recently purchased facilities, PETCO plans to construct a third office building with a parking structure on the property. The expansion project, which is still awaiting city approval, would result in a 20-acre national headquarter campus with 250,000 sf of office space.

Company officials say the recent acquisitions, which PETCO has purchased from Carroll Canyon Properties Ltd., underscore the retailer’s continued support of San Diego. “We looked at other potential sites, but elected to stay within San Diego’s city limits,” explains James Myers, the firm’s executive vice president and CFO. “This demonstrates our long-term commitment to San Diego,” he adds.

PETCO, which has called San Diego home for nearly four decades, is a national pet food and supplies specialty retailer. With more than 600 stores in 43 states and the District of Columbia, PETCO employs approximately 1,200 people in the San Diego area alone. The company generated net sales of $1.5 billion in the fiscal year ended February 1, 2003.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.