 |
| John Chun |
HFF
worked on behalf of the buyer, Focus Real Estate LP, in arranging the joint
venture equity with a regional joint venture equity fund. Equity proceeds were used to purchase the
property.
Southrail Business Park is an industrial flex facility located in south
San Diego County approximately 10 minutes from downtown San Diego. The park is half a mile from I-5, which
provides easy access to I-805 and I-905.
It is also within walking distance to the nearest trolley station and
neighboring retail.
Southrail’s eight buildings are 98 percent leased to 26 tenants, including PowerSports Group, Toleeto Fasteners Intl, Delphius Engineering and Bay Bridge Brewery.
The HFF team representing Focus Real Estate was led by
director John Chun.
“Southrail Business Park represented a rare opportunity to
acquire a high-quality industrial park in one of the tightest industrial
markets in San Diego county with strong barriers to entry due to a lack of
developable land parcels,” Chun said.
 |
| Richard Ortwein |
Focus Real Estate has acquired or developed over 1.5 million
square feet in 50+ office and industrial buildings in Southern California with
private and institutional investors.
Focus draws upon the deep experience of its partners who have a combined
80+ years of experience and have acquired or developed over $2.5 billion in
real estate during their careers.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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