Harsch Investment Properties of Portland, Ore., recently purchased a six-building industrial park in El Cajon for approximately $29.8 million, according to the buyer and CoStar Group data.
The seller of the multi-tenant Center Pointe Business Park, spanning approximately 13 acres along Vernon Way and North Johnson Ave., was an affiliate of El Segundo-based Westport Capital Partners LLC, represented by Bo Mills of real estate services company JLL.
Tenants at the property include Lockheed Martin Co. helicopter subsidiary Sikorsky, Mohawk Industries subsidiary Dal-Tile, and ventilation product and service provider Countywide Mechanical Systems.
The buildings, totaling more than 246,000 square feet, were constructed in 2000 and 2001. They are located at 750 and 900 Vernon Way; and 1280, 1290, 1300 and 1400 N. Johnson Ave.
A statement from the privately held Harsch Investment Properties said the deal marked the company’s seventh industrial acquisition of the past year. The company now operates more than 18 million square feet of business parks, including approximately 2.5 million square feet in the San Diego metro area.
The firm was founded in 1950 and holds 22 million square feet of office, industrial, multi-family and retail properties in six western states.