EastGroup Properties has acquired a Rocky Point Distribution Center in San Diego from Black Creek Group. The property is a brand new 226,691-square-foot class-A, multi-tenant industrial facility in Oceanside.
The two-building property includes a 109,163-square-foot building and a fully leased 117,528-sf building . The property was approximately 52% leased overall at time of sale, to a strong industrial tenant mix that includes Wayfair Logistics. The two-building project is part of a larger, prestigious group of five buildings originally known as the Pacific Coast Collection.
Bryce Aberg, Jeffrey Cole, Jeff Chiate, Mike Adey and Zach Harman with Cushman & Wakefield’s San Diego and Orange County offices represented the buyer in the off-market transaction.
