Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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

OTAY MESA, CA-Timberline Ocean View LLC recently broke ground on Ocean View Hills Retail Center, located at the corner of Otay Mesa Road and Corporate Center Drive. The center will include more than 16,000 sf of retail and restaurant space. The center has recently inked prelease deals with Cali Mart, Subway and Fred Loya Insurance.The center is adjacent to a 15,000-sf DMV facility. The project is set for a mid-2006 completion date. The project is gearing for the border traffic, which counts more than 11 million travelers each year.The retail center will serve as the gateway to a massive project that is already under way. At build-out, the area will see a 661,300-sf industrial business park known as Ocean View Hills Corporate Center. San Diego-based Sudberry Development Inc., an affiliate of Sudberry Properties, has teamed with an affiliate of Morgan Stanley Real Estate Advisor Inc. to acquire a 36.6-acre site along the western end of Otay Mesa Road. The pair picked up the land for some $9.1 million and will develop Phase III of Ocean View Hills Corporate Center on the site.The partnership acquired the land from Pardee Homes. The parcel is the last piece of land to go on the 89-acre Ocean View master plan.For Phase III, the project will include six one-story, tilt-up concrete buildings. Kwasny says the buildings sizes are 183,000 sf, 152,000 sf, 110,000 sf, 98,000 sf, 62,000 sf and 55,000 sf. The space will be available on a for-lease basis.Grading has already begun and the project should be completed by January 2007. Smith Consulting Architects has been brought onboard to design the park.

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
Live Chat

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