Kiernan Cos. of Coronado has purchased 10.1 acres of industrial land in Otay Mesa for $3.6 million.
The site at 10138 Airway Road, in the Airway Business Center, will be used for a build-to-suit freight processing facility which Kiernan is developing for FedEx, according to brokerage services company CBRE Inc. FedEx operates a ground shipping services facility on an adjacent property.
CBRE represented the seller, MS Development Co. LLC. The buyer was represented by broker Fischer & Co.
Airway Business Center is located north of the outbound international truck border crossing from Mexico and adjacent to the planned new state Route 11.
— SDBJ Staff Report