Shipbuilder Inks 10-Year Lease for 55,000 SF

NATIONAL CITY, CA-National Steel and Shipbuilding Co. has signed a 10-year lease for 55,000 sf of space at Voit Development Co.’s Tidelands Industrial Park, a 99,000-sf project in this San Diego area market. The space will expand National Steel’s shipbuilding operations in the San Diego area, according to James V. Camp, senior vice president of development and acquisitions for Newport Beach, CA-based Voit Development Co. Camp and Chris Cussen of Voit Development are the project managers for Tidelands Industrial Park.

National Steel, known as Nassco, is a General Dynamics company that will be completing its own tenant improvements to the building. Voit notes that Nassco is the only West Coast shipbuilding company capable of building and repairing large, ocean-going vessels. General Dynamics Nassco has been designing and building ships since 1959, specializing in auxiliary and support ships for the U.S. Navy and oil tankers and dry cargo carriers for commercial markets.

Nassco’s lease is valued at more than $4 million. The Tidelands project is being marketed by Michael Mossmer, Rob Miller and Brian Kilkenney of Voit Commercial Brokerage.