Locally based craft beer brewer Ballast Point has signed a 15-year, $16 million lease deal to occupy a 106,584-square-foot industrial facility in San Diego’s Miramar submarket, according to CoStar Group and public data.
The warehouse at 9045 Carroll Way is owned by H.G. Fenton Co. of San Diego. Brokerage company Voit Real Estate Services represented the landlord and tenant in the transaction.
The property was built on 5.6 acres in 1978 and has eight loading docks. The deal is among the largest industrial leasings this year in the Mira Mesa and Miramar industrial neighborhoods, CoStar said.
Ballast Point was looking to expand its initial production brewery in Scripps Ranch and found the new location after a 20-month search, Voit said in a statement. The Carroll Way building will be Ballast Point’s main brewing, bottling and canning facility, with production set to start in summer 2014.
“Breweries require very specialized facility services and systems, from ceiling height, power, water, gas, floor drainage, outside areas for tanks and storage, easy access for large trucks, and to be centrally located,” Voit Senior Vice President Jeff Chasan said.