Murphy Development, largest commercial real estate developer on Otay Mesa, is nearing completion on the first of seven buildings planned for the 850,000-square-foot Western Phase at Siempre Viva Business Park on Otay Mesa.
Half of the 248,136-square-foot building has been leased by Reef, a world leader in the action sports lifestyle market, which was recently acquired by VF Corp.. (NYSE: VFC).
The 124,068-square-foot northern half of the building, currently available for lease, will be ready for occupancy in July, according to Hack Adams, marketing director of Murphy Development. "This is the only 36-foot clear height, double-loaded building available on Otay Mesa," he said. "The space has tremendous flexibility. Its depth allows it to function as a single-loaded or double-loaded facility. The available space, which features 27dock-high loading doors and two grade-access doors, also has a concrete truck yard and an ESFR sprinkler system."
The remaining 42 acres in the Western Phase are currently planned for buildings ranging from 58,000 to 227,000 square feet. However, Murphy Development will consider any potential build-to-suit opportunities for the remaining lots in the Western Phase.
Murphy Development is also planning to start the final building in the 650,000-square-foot Eastern Phase this summer. The 104,180-square-foot Building 11 is in permit-ready condition and deliverable within 150 days. Consisting of 99,180 square feet of warehouse area and 4,932 square feet of mezzanine, it will have a corporate headquarters-designed entry with a two-story skylight atrium. The warehouse features 28-foot minimum clear height, 50-foot-by-60-foot typical column spacing, and superb warehouse lighting due to industry-leading skylight coverage and additional second story windows. The building features an oversized concrete truck yard that can be secured if desired.
Siempre Viva Business Park, which is located in close proximity to the Otay Mesa Port of Entry, has been one of the most successful developments in San Diego County. Its high-quality corporate image, coupled with state-of-the-art facilities and cost-effective lease rates, has attracted a number of prestigious firms, including Hitachi Transport, Iron Mountain, UPS Supply Chain Solutions, Bose Corp., Thompson Consumer Electronics, Pioneer Speakers, Reef/VF Corp. and Mattel.
Once the remaining Siempre Viva Business Park buildings are completed, Murphy Development will turn its attention to 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 Murphy Development's Hack Adams at (619) 710-8000 or firstname.lastname@example.org.
Submitted by Murphy Development