LPC West, the West Coast arm of national real estate firm Lincoln Property Co., together with an affiliate of Cerberus Capital Management, has acquired nearly 30 acres in Oceanside, Calif., with plans to develop a modern industrial campus. The property is one of the last large entitled industrial sites in San Diego County.
The site is located within Ocean Ranch, a more than 400-acre development that has emerged as a corporate hub for several Fortune 500 companies.
“This is one of the last large entitled industrial sites in San Diego County at a time when the demand for industrial space is continuing to grow,” said Scott Moffatt, senior vice president of LPC West’s San Diego office. “Together with Cerberus, we plan to build highly efficient industrial buildings that will meet the needs of tenants looking for quality industrial space in the San Diego region. We are thrilled to partner with Cerberus to bring our shared vision to life.”
Ocean Ranch is loca
