The Deal of the Week sublessee and sublessor were represented by Chris Holder, Stuart Milligan and Phil Lombardo, of Cushman & Wakefield.
The deal was a sublease by Amerifreight Inc., dba Logistics Team, of 51,172 square feet of Otay Mesa industrial space at 8409 Kerns St., San Diego, from VF Outdoor Inc. The sublease was for 14 months at $265,071.
In early 2007, the two buildings at 8409 Kerns and 8917 Kerns totaling 352,044 square feet in the Siempre Viva Business Park were sold for $41.07 million.
The value on the 248,116-square-foot corporate/warehouse building at 8409 Kerns was $26.97 million. At that time, half the building was leased to VF Outdoor, which was in the second year of a seven-year lease.
In 2006, VF subleased 124,068 square feet to Robinson and Robinson Inc. for five years at $2.9 million for a distribution facility.