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Elevation Land Co., Crow Holdings Capital to build 1.8msf distribution development in San Diego
A joint venture between Elevation Land Co., a San Diego-based commercial real estate development firm, and a real estate fund advised by Crow Holdings Capital has plans for a 1.8-million-square-foot industrial/warehouse/distribution development in Otay Mesa (San Diego), Calif.
The project is strategically located in San Diego’s South County adjacent to the U.S.-Mexico international border.
Named Otay Business Park, the new project is considered one of the largest new class A distribution developments in all of Southern California, a prominent industrial region including the San Diego, Greater Los Angeles, Inland Empire and Orange County markets.
Current construction plans for Otay Business Park call for the speculative and/or build-to-suit development of eight individual freestanding buildings that can accommodate a variety of users ranging from 45,000 to 500,000+ square feet. Key features of the project will include expansive 32- to 36-foot clear heights, 325