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RAF Kicks Off $110M in Spec Industrial Projects

By Tony Seruga

The buildings will include creative features such as outdoor amenity areas, extensive glass for natural lighting and an overall higher percentage of office space compared to traditional industrial facilities. Delivery is expected in 2018.

RAF Pacifica Group is developing three ground-up creative industrial projects in North County San Diego, totaling more than 500,000 square feet and approximately $110 million. The company recently broke ground on all three and delivery is expected in 2018.

“Very little industrial product has been built during the last cycle in this market. San Diego has lagged at least 12 to 18 months behind other markets, and is now at a point in its recovery cycle where it is poised for new development, making now the right time to build spec-industrial,” Adam Robinson, RAF Pacifica Group’s founder and principal, told Commercial Property Executive. “The extremely limited supply, coupled with the pent-up demand for quality industrial space, presents a strong opportunity to fill a tremendous void in the current market by delivering the highest quality, most functional industrial buildings to date in San Diego.”…

RAF Kicks Off $110M in Spec Industrial Projects

Categories : Private Equity

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