July 7, 2020
LPC West together with an affiliate of Cerberus Capital Management, L.P. acquired nearly 30 acres in Oceanside with plans to develop a modern industrial campus. The site is located within Ocean Ranch, a more than 400-acre development near I-5 between Highways 76 and 78.
LPC West’s Scott Moffatt says, “This is one of the last large entitled industrial sites in San Diego County at a time when the demand for industrial space is continuing to grow. Together with Cerberus, we plan to build highly efficient industrial buildings that will meet the needs of tenants looking for quality industrial space in the San Diego region.
LPC now owns and manages nearly 1.5 million square feet of commercial property in the San Diego region with an additional 450,000 square feet currently under development.
Cerberus’ Tom Wagner says, “With Oceanside’s strategic location, the area has become an attractive region in Southern California for leading companies.”
For comments, questions or concerns, please contact Dennis Kaiser