35,250-square-foot Carmel Mountain Ranch Distribution Center
San Diego CA— CBRE Group, Inc. announced Priority Moving signed a five year lease for two million dollars for a 35,250-square-foot suite. The industrial building is located, 12270 World Trade Drive, in the submarket of Carmel Mountain Ranch. CBRE industrial experts Bill Dolan and Chris Pascale represented the landlord, Clarion Partners and Nicole Winters of Jones Lang LaSalle represented Priority Moving.
“The tenant was attracted to the high quality features of the subject property including 30 feet clear height and ESFR fire suppression, as well as the proximity to Interstate 15, said Bill Dolan. “This space experienced no vacancy as it was leased prior to the existing tenant vacating, which demonstrates the diminishing availability of quality industrial space in San Diego. “
The property is in proximity to Carmel Mountain Plaza, Carmel Mountain Ranch Town Center, The Courtyard at Carmel Mountain Ranch and other retail centers.
About Clarion Partners, LLC
Clarion Partners, an SEC registered investment adviser and FINRA member firm, has been a leading U.S. real estate investment manager for 33 years. Headquartered in New York, the firm has offices in Atlanta, Boston, Dallas, London, Los Angeles, São Paulo, Seattle and Washington, DC, as well as a presence in Mexico. With $38.2 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 200 domestic and international institutional investors. More information about the firm is available at www.clarionpartners.com
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com