In February 2021, CenterSquare and its joint venture (JV) partner RAF Pacifica Group (RPG) acquired 1 Viper Way, a Class A industrial building located in the infill Vista submarket in North San Diego. The Property was a 202,844 SF vacant industrial facility with 28’ clear heights, 11 dock-high, 11 grade-level doors and heavy power. The Property formerly acted as a distribution, manufacturing and headquarters facility for a tenant serving the automobile industry. The JV was attracted to the Property due to its location near multiple freeways which provide direct access to Orange County, the Inland Empire and the greater San Diego Metro area. The Property benefitted from reconfiguration optionality without requiring structural modifications.
