Construction begins on industrial park in Otay Mesa

April 30, 2018 by  

Business across the U.S.-Mexico border is growing, leading to the development of a new industrial park in Otay Mesa. The Otay Crossings Commerce Park has been in the planning stages since 2007, and has finally broken ground.

The multimillion-dollar park will comprise 311 acres, and is the result of a partnership between PCCP, a real estate investment company, and Kearny Real Estate Company.

As many as 88,000 trucks crossed the border at Otay Mesa each month in 2017. Jeff Givens, a senior vice president at Kearny, said the aim of developing the Otay Crossings Park is to provide distribution, storage, and warehouse facilities to accommodate this cross-border traffic.

The park will be designed to accommodate traffic in both directions, rather than just items coming from the maquiladoras in Mexico. Kearny Real Estate believes there will be a lot of traffic going south as well, because many products are built in one country, assembled in the other, and returned to the first for completion.

In addition, the developers are looking at other factors rather than just traffic to and from Mexico. Businesses that need warehouse or industrial space may come to Otay, because such space is lacking in much of San Diego County. These companies may not have any tie to Mexico at all.

Developments like this need tenants for their spaces, so developers might work with a brochure printing company to create booklets describing the site’s amenities.