San Diego-based Murphy Development has broken ground on a planned $18.3 million industrial building in Otay Mesa, which the company said marks that neighborhood’s first speculative industrial project since 2007.
A company statement said the 121,970-square-foot Building 18 is the latest project at the developer’s 2.1-million-square-foot Siempre Viva Business Park. Located at 2600 Melskee St., officials said the building will have 32-foot height clearances, concrete truck courts, high dock door ratios and significant electric power capabilities, among other amenities.
“With Otay Mesa’s industrial vacancy standing at 6.4 percent – the lowest in the 20 years that CBRE has been tracking the market – and no inventory of Class A buildings between 50,000 and 200,000 square feet, we are confident it’s time for spec product at Siempre Viva Business Park,” said Andy Irwin, Murphy’s senior vice president and director of marketing.
The project’s development team includes architect Gene Cipparone, K&S Engineering, and general contractor Lusardi Construction.
The developer is scouting tenants. Once Building 18 is leased, Murphy plans to begin construction on Siempre Viva’s final Class A building, a 79,000-square-foot spec building to be constructed at 8500 Kerns St.
Led by President R. Michael Murphy, the company has planned or developed more than 10 million square feet of industrial buildings in the San Diego market. Its newest project in Otay Mesa is Brown Field Technology Park, set to include 1 million square feet of industrial space on 50 acres near Brown Field Municipal Airport.
