- July 1, 2024: Vol. 36, Number 7

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Sagard Real Estate makes first investment in partnership with state public pension plan

by Andrea Zander

Sagard Real Estate, formerly known as EverWest Real Estate Investors, has purchased an industrial property in the infill Miramar submarket of San Diego. This is the firm’s inaugural investment under a new separate account with a state public pension plan. The financial terms were not disclosed.

The fully occupied building acts as a regional receiving hub for an electric car company.

The property is situated in the Miramar submarket, a key area within Central San Diego known for its blend of service providers, distribution tenants, contractor storage yards, showrooms and traditional manufacturing users. The proximity to Miramar Airbase and high-value housing enhances the site’s appeal, ensuring a steady demand from a wide array of industrial tenants. Furthermore, the Miramar submarket’s trend toward denser, higher-value uses indicates strong future growth potential, potentially leading to higher rent growth and reduced supply, further bolstering the property’s v

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