Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

SAN DIEGO, CA-In a transaction valued at $4.7 million a 72,275-sf warehouse property has been leased to Event Rentals Inc dba Classic Party Rentals. The lease terms are 10 years and Classic Party is set to occupy the property in July. Arnie Friedman and Andrew Zimsky of Colliers International represented the landlord, Belinsky Family Partnership, while Tucker Hohenstein of Burnham Real Estates Services represented Classic Party.The move springs from an expansion of Classic Party Rentals, who are more than doubling their warehouse space. The event rental and planning company previously occupied a 30,600-sf building at 3939 Ruffin Road in Kearny Mesa. The new property will consist of 3,800 sf of administrative office space, 19 dock loading doors and grade level loading. “The Miramar industrial market continues to be very competitive,” Zimsky tells Globest.com. With a vacancy rate of just over 4%, this was one of the few large blocks of warehouse space available in the area.” The property is located at 7069 Consolidated Way, Suite B in Miramar and is part of a two-building warehouse distribution project known as 7069-7071 Consolidated Way. The 100%-occupied building totals 165,801-sf and is located approximately five miles from the I-15 and I-805. Other tenants include Now Furniture, Legacy Home Furnishings and Big Box Storage.

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?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


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.