Black Creek Group purchases San Diego’s largest iconic industrial building
Denver-based Black Creek Group has acquired a 601,417-square-foot, multi-tenant industrial building in San Diego. Located at 2020 Piper Ranch Rd., the fully leased, class A asset is considered San Diego’s largest iconic industrial building.
Cushman & Wakefield represented an institutional owner in the disposition. The financial terms were not disclosed.
The facility is situated on more than 31 acres in the Otay Mesa submarket, located with direct access to the U.S.-Mexico border, one of the world’s busiest land border crossings.
“2020 Piper Ranch Road is a state-of-the-art distribution/warehouse facility that presented the rare market opportunity for a critical mass of class A industrial real estate that is 100 percent leased and situated in one of the fastest-growing submarkets in Southern California,” said Jeff Cole, vice chairman at Cushman & Wakefield. “Given these factors coupled with the ongoing strong demand for high quality industrial p