Cushman & Wakefield, a leading real estate advisory firm, recently advised Murphy Development Company in the successful sale of Brown Field Tech Park I and II. The industrial portfolio, located in San Diego’s Otay Mesa submarket, spans over 432,924 square feet and was acquired by one of the world’s largest privately held real estate investors for an undisclosed amount.
The four-building portfolio was sold in two separate transactions with Cushman & Wakefield’s National Industrial Advisory Group representing the seller. The team included Jeff Chiate, Bryce Aberg, Jeff Cole,Mike Adey,and Zach Harman. Additionally,JLL’s Andy Irwin and Joe Anderson provided leasing advisory services during the sales process.
In one transaction,the buyer acquired Brown Field Tech Park II,a newly constructed Class A industrial asset measuring 203244 square feet as a forward sale.The buyer plans to implement a lease-up strategy for these vacant buildings.
This successful deal highlights Cushman & Wakefield’s expertise in navigating complex commercial real estate transactions while providing exceptional service to their clients.
