August 19, 2016 Comments Off on BAE Inks 2nd Largest South Bay Industrial Lease of 2016 Views: 633 California News, San Diego, West

BAE Inks 2nd Largest South Bay Industrial Lease of 2016

BAE Systems Ship Repair leased 110,000 square feet at Four-Sher Development’s Chula Vista Corporate Center in Chula Vista, CA. It is the second largest industrial deal in the South Bay this year, behind Hybrid Apparel’s 135,000-square-foot transaction.

Cushman & Wakefield’s Bryce Aberg and Ryan Spradling, who weren’t involved in the deal, say the lease gives BAE expansion options at an adjacent, separate 4.6-acre parcel under the same ownership. That’s key because the market’s historic tight industrial condition is placing “serious pressure” on users.

BAE is seeking to grow and add capacity to handle more ships the U.S. Navy plans to station in San Diego, as part of the “Pacific Pivot.” BAE plans to sublease its former space at Barrio Logan shipyard.

Cresa’s Glenn Friedrich represented BAE. Voit’s Michael Mossmer and Curt Perry represented the landlord.

Read More at San Diego Business Journal

Connect with Cresa’s Friedrich

Connect with Voit’s Mossmer

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