Leasing Notes


July 18, 2012


Layfield leases in Spring Valley

Leasing Notes are updated twice weekly and are now available in a fully searchable database format at www.sddt.com/databases/leasingnotes/.

Industrial: Layfield Environmental Systems Corporation has leased 67,344 square feet of industrial space at 2500 Sweetwater Springs Blvd., Spring Valley 91978, from Rancho San Diego Industrial Center LLC. The property was leased for seven years at $2.8 million.

The lessee was represented by Kerry Schimpf, of Cassidy Turley San Diego. The lessor was represented by Ron Bement, of CBRE (NYSE: CBG).

In early 2003, the 17.6-acre, approximately 205,000-square-foot property, formerly occupied by U.S. Elevator, was sold for $7.35 million.

The new ownership began a renovation of the property with plans to lease the building as multitenant industrial space including 245,000 square feet of paved, fenced outside storage yard.

A year later, the one-building, 165,000-square-foot San Diego Industrial Center was opened. BCL Ventures LLC is the managing member of the center ownership, and consists of Casey Brown, Michael Colarusso and Paul LeBeau.

An early tenant was Pacific Marine Sheet Metal, with a 10-year lease of 104,229 square feet. In late 2009, Quality Iron Products Inc. leased 10,000 square feet for 84 months at $785,238.

Office: Michael Moon, MD has leased 5,202 square feet of office space at 5348 Carroll Canyon Road, San Diego 92121, from 5348 Carroll Canyon Road, LLC.

The property, leased for 120 months at $980,221, will be used for a general office.

The lessee was represented by itself. The lessor was represented by Jay Arnett, of Colliers International.

The approximately 17,282-square-foot Sorrento Mesa building was sold for $3.4 million in late 2009. The three-story building was constructed in 1984 on a 2.36-acre lot.

Industrial: DocuLynx Inc. has leased 10,800 square feet of industrial space in Scripps Ranch Business Center at 10107 Carroll Canyon Road, San Diego 92131, from H.G. Fenton Company.

The property, leased for 64 months at $800,000, will be used for an information and technologies company specializing in scanning and digital conversion storage.

The lessee was represented by Jeff Saywitz, of The Saywitz Company. The lessor was represented by Bill Dolan, of CBRE NYSE: CBG).

The 22,444-square-foot flex building at 10105-10107 Carroll Canyon includes approximately 25 percent office and 75 percent warehouse space, an interior dock well and three grade-level doors.

Editor's Note: Leasing Notes for publication must contain the names of the lessee and the lessor; address (including street name and number, city and zip code); square footage; length of lease; lease terms such as NNN; financial consideration; proposed use of space (if not evident from name of lessee); and the names of brokers and their firms representing both the lessee and the lessor.


July 18, 2012