Done Deals: McCarthy Building Companies, Inc. Expands Presence in San Diego, CA with 30,000-SF lease at One Paseo in Carmel Valley submarket

Thursday, July 6, 2023

McCarthy Building Companies, Inc. Expands Presence in San Diego, CA with 30,000-SF lease at One Paseo in Carmel Valley submarket

One Paseo, a newly developed 23.6-acre
mixed use campus in the coveted
Carmel Valley, CA submarket.

SAN DIEGO, CA – McCarthy Building Companies, Inc. (McCarthy) is expanding its presence in the San Diego market with the signing of a 30,000 square-foot lease for office space at One Paseo, a newly developed 23.6-acre mixed use campus in the coveted Carmel Valley submarket.

McCarthy was represented by global commercial real estate and investment management company JLL on the transaction.

Nicole Winters

JLL’s Nicole Winters, Shawn Lorentzen, and Scott Wetzel represented McCarthy in the transaction.

The new office is located at 12830 El Camino Real, Suite 200, in San Diego, California.

McCarthy has established a significant presence in the San Diego community following the construction of the Catamaran Hotel Parking Structure for the Evans Catamaran Resort Hotel & Spa in the mid-1980s.

Since then, their local team of builders has developed timeless and iconic structures for clients such as the Salk Institute, University of California San Diego, Rady Children’s Hospital, Scripps Health, Biomed Realty, and County of San Diego.

Shawn Lorentzen

“As we continue to strive to deliver exceptional experiences for our clients and employees, it was imperative for us to secure a workspace that fosters collaboration and effectively accommodates our growth,” said Bob Betz, Executive Vice President and San Diego Office Leader for McCarthy.

“One Paseo's urban environment aligns perfectly with McCarthy's culture — a flourishing community where employees, partners and clients can connect while enjoying everything San Diego has to offer. Additionally, this vibrant new space will further enhance our ability to attract and retain the industry’s top talent."

Scott Wetzel

Nestled within a bustling public plaza surrounded by retail and dining destinations, McCarthy’s new office, designed by Gensler, features floor-to-ceiling windows, state-of-the-art on-site amenities, dedicated wellness space, and plenty of areas for training, collaboration, and innovative thinking.

“McCarthy wanted a space that provided for the new generation of workforce while representing its commitment to the region,” said Scott Wetzel, Executive Vice President at JLL. “One Paseo is the perfect location for McCarthy as it continues to grow and serve clients in the San Diego area.”