Siempre Viva Industrial II, an IDS Real Estate Group-affiliated entity, has sold the $135 million sale of Viva Logistics Center II, a four-building logistics center totaling 547,000 square feet of class-A, institutional-quality industrial space in the Otay Mesa area of San Diego.
EastGroup Properties acquired the asset.
Viva Logistics Center II features a combination of cross-dock and rear-load buildings with clearance heights ranging from 24 to 32 feet, ample dock loading positions, wide-column spacing, deep truck courts, low office finish, and ample parking. The buildings were constructed between 2001 and 2003 and recently extensively renovated and rebranded.
On 29 acres at 8690 Kerns St., 2660 Sarnen St., and 8863 and 9043 Siempre Viva Rd., Viva Logistics Center II is in the Otay Mesa Industrial submarket which, according to JLL Research’s recent
