San Diego industrial development financed with $35m loan

San Diego-based Murphy Development Company (MDC) has plans to develop Phase II of Brown Field Technology Park, two to-be-built class A industrial buildings totaling 203,244 square feet in the Otay Mesa submarket of San Diego, Calif.

JLL Capital Markets on behalf of the developer arranged $35.35 million in construction financing for the development.

Phase II of Brown Field Technology Park will feature two modern state-of-the-art industrial buildings with clear heights ranging from 32 to 34 feet, up to 41 dock-high doors, up to eight grade-level doors, ESFR fire protection and low-office finish. The buildings, which are anticipated to be delivered in the second quarter of 2023, are part of MDC’s Brown Field Technology Park, a 50-acre master-planned corporate industrial development in Otay Mesa that is entitled for more than 3.2 million square feet of state-of-the-art designed buildings.

The 13.81-acre site for Phase II of Brown Field Technology Park is within