Colliers International secures Vidal Corporation for five-year lease of 31,360-square foot industrial building
SAN DIEGO – Jan. 11, 2021 – Colliers International San Diego Region announces that Vidal Corporation, a cross-border logistics company, has signed a five-year lease for a 31,360-square foot, brand-new industrial building in the Majestic Sunroad Center. The property is located in San Diego’s Otay Mesa area at 8175 Andrews Ave, San Diego, CA. Mark Lewkowitz, Chris Holder and Will Holder of Colliers International San Diego Region represented Vidal Corporation and the landlord Majestic Realty Co.
“Majestic Sunroad Center is the first and best new industrial development to arrive in Otay Mesa in the last five years. It’s located just two miles from the Otay Mesa border crossing, 15 miles from the Naval station and 19 miles from Downtown San Diego,” said Lewkowitz. “With freeway frontage, nine dock high doors, great access and state-of-the-art construction, this property is an ideal new home for Vidal Corporation in Otay Mesa.”
Majestic Sunroad Center, a joint venture between Majestic Realty Co. and Sunroad Enterprises, includes three buildings ranging in size from 31,360-154,308 square feet each and totaling 227,268 square feet. Construction of Majestic Sunroad Center was completed in late 2020.
With three buildings of unique sizes, Majestic Sunroad Center offers needed adaptability to accommodate a range of businesses, from small to large, that represent a variety of local industries. Additional leasing opportunities, being handled by Colliers International, are currently available at www.majesticsunroadcenter.com.
About Colliers International Group
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.
About Sunroad Enterprises
Sunroad Enterprises is a diversified and experienced holding company. Founded in 1977 in San Diego, Sunroad consists of two distinct divisions: Real Estate and Automotive. The company has built over 3,000,000 square feet of Class A office space, in addition to the 600 slip Sunroad Resort Marina, nearly 4,000 multifamily units owned or under construction, and Maderas Golf Club, recently ranked by Golf Digest as a top 100 Golf Course. Sunroad also owns Island Prime, C- Level, and Coasterra restaurants on Harbor Island. Sunroad Enterprises has been involved in projects in California, Colorado, Nevada, Arizona, Washington, and Mexico, and has earned numerous quality commendations from local, regional, and national organizations. On the auto side, Sunroad currently owns and manages 17 car dealerships in Mexico and the US.
About Majestic Realty Co.
Majestic Realty Co. is the largest, privately-held developer and owner of master-planned business parks in the United States. With approximately 84-million-square-feet in its portfolio, Majestic provides real estate solutions for tenants large and small, creating jobs, tax revenue and community benefits across the country. Headquartered in southern California, Majestic has regional offices in Atlanta; Bethlehem, PA; Dallas, Fort Worth and Laredo, Texas; Denver/Aurora, CO; Las Vegas; Phoenix; and Portland, OR.
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