Murphy Development, a commercial real estate developer in Otay Mesa, has commenced construction of the 850,000-square-foot Western Phase at Siempre Viva Business Park on Otay Mesa.
The timing of the ground breaking was accelerated following last week's announcement that Reef, one of the top active sportswear brands in the world, signed a seven-year lease for 124,048 square feet of warehouse/distribution and office space in the Western Phase. The facility will serve as the logistical hub for its sandal, apparel and shoe business.
"We are very excited to launch the Western Phase with Reef, a world-leader in its industry," said R. Michael Murphy, president of Murphy Development. "Reef is not only a San Diego success story, but it has incredible global brand recognition."
Reef was represented in the transaction by Gary Patten, chief financial officer, and Luis Villaverde, logistics director. The lessor, Murphy Development Co., was represented by Hack Adams, director of marketing. Reef leased approximately half of the 248,096-square-foot Building 14 in the business park's Western Phase.
The building, designed by Gene Cipparone Architects, will be built by Lusardi Construction Co. It will be a double-loaded facility with 54 dock-high loading doors, two grade-access doors, a 36-foot minimum clear height, and an all concrete truck yard.
"We look forward to completing this time-sensitive project for Reef," Adams said. "We are honored they have placed their trust in our development team."
Murphy Development is also excited to add Mattel Inc. to Siempre Viva Business Park. Mattel (NYSE: MAT), a worldwide leader in the design, manufacture and marketing of toys and family products, has signed a five-year lease for 24,752 square feet of warehouse/distribution and office space, as well as eight trailer parking spaces.
Mattel leased a portion of the 115,290-square-foot Building 10 in the business park's 590,000-square-foot Eastern Phase.
"Mattel's real estate executives and the Cushman & Wakefield brokers involved in the transaction are all highly-skilled professionals who recognized the operational advantages that Building 10 offered," Adams said. "It features an oversized all-concrete truck yard, 28-foot minimum clear height, wide column spacing and terrific ambient light. Of primary importance to Mattel was their ability to park trailers in the oversized concrete truck yard contiguous with their warehouse operation. It set the building apart from any other option on Otay Mesa."
Murphy Development Co. has completed in excess of 3.6 million square feet of space on Otay Mesa and has plans for an additional 2.5 million square feet.
The Western Phase is the final phase at the 2.1 million-square-foot business park, which has been one of the most successful developments in San Diego County. The mix of tenants reads like a "Who's Who" of influential international companies, including Hitachi Transport (NYSE: HIT), Iron Mountain (NYSE: IRM), Thompson Consumer Electronics, UPS (NYSE: UPS), Bose Corp. and Pioneer Speakers.
Once the remaining Siempre Viva Business Park buildings are completed, Murphy Development will focus on development of the 80-acre Brown Field Technology Park, which is master-planned for approximately 1 million square feet of corporate industrial and technology space.
Information is available from Hack Adams at Murphy Development, (619) 710-8000 or email@example.com.
Submitted by Murphy Development Co.