May 4, 2016
Greg Pieratt and Alex Weiss of Lee & Associates’ North San Diego County office completed a 83,520 square-foot warehouse lease for Consolidated Electrical Distributors (CED Greentech), located at 9190 Activity Road in San Diego. The seven-year lease for $5.7 million grants CED the entire space on 6.25 acres of land.
CED, with 500 locations across the United States, supplies electricity to San Diego County. The new location will be used as a warehouse, supply facility and office for its Southern California division.
Pieratt said, “We are excited to have secured this property for CED, given the lack of supply of large, functional industrial property in central San Diego. As rates continue to rise in San Diego, this will prove to be a good long term lease for CED.”
Cushman & Wakefield’s Bryce Aberg represented the landlord, American Realty Advisors.