Parallel Capital Partners, a vertically integrated real estate investment and development firm based in San Diego, announced the acquisition of Rose Canyon Business Park and the 5 & 52 Business Park in two separate transactions. This represents an investment of more than $100 million across 300,000 square feet of prime industrial space.
Both properties are located within San Diego’s Rose Canyon micro-market, an infill area surrounded by affluent communities such as La Jolla, Pacific Beach, Bay Park, Bay Ho and Clairemont, Calif.
“These acquisitions reflect our commitment to investing in assets with strong fundamentals and limited supply,” said Matt Root, co-founder and CEO at Parallel Capital Partners. “We believe the current dislocation in the capital markets has created a rare window to acquire high-quality assets at compelling values, and we are excited to reposition these properties to meet the growing demand for modern, small bay industrial space in
