Harsch Expands SoCal Footprint with San Diego Acquisition
- Sep 20, 2016
By Ioana Moldovan
San Diego—Portland, Ore.-based privately held real estate company Harsch Investment Properties has acquired Scenic View Business Park, an industrial campus located within the central San Diego market in Poway, Calif.
The Class A, 147,848-square-foot development is part of the 900-acre master-planned Poway Business Park, which is home to more than 500 businesses. Scenic View comprises eight multi-tenant buildings, seven dedicated to manufacturing and one with a distribution profile, that were 98 percent occupied at the time of sale.
The asset can accommodate multiple uses and maximum leasing flexibility for its manufacturing, showroom, distribution and office space. Other amenities include ample parking and truck storage, dock and ground-level loading, and an on-site deli.
“This acquisition will bring our portfolio on the I-15 corridor to over 1.2 million square feet and provide our tenants with the opportunity to expand and grow within the portfolio,” Jordan Schnitzer, president of Harsch Investment Properties, said in a prepared statement.
Cushman and Wakefield’s Bryce Aberg served as the listing broker for Scenic View Business Park.
Image courtesy of JLL