JLL Capital Markets recently arranged the forward sale of Runway Distribution Center, a newly built 199,997 square foot distribution facility in Otay Mesa. Representing the seller, Lincoln Property Company and a real estate fund advised by Crow Holdings Capital, JLL procured an Ares Management real estate fund as buyer.
Otay Mesa has experienced tremendous growth over recent years due to its proximity to both U.S./Mexico Port of Entry and San Diego International Airport (22 miles away). The nearby Otay Mesa Land Port of Entry is also the largest commercial land port of entry with more than $46 billion in annual trade volume.
The JLL Capital Markets Investment Sales and Advisory team was led by senior director Ryan Spradling along with senior managing director Mark Detmer, managing director Ryan Sitov and associate Makenna Peter; while Andy Irwin and Greg Lewis headed up the Markets team for this transaction.
