San Diego, CA Ryan Companies and DWS Group announced today the closing of escrow on 39 gross acres for its second, large-scale speculative industrial development in central San Diego. Vantage Point, a class A warehouse/distribution/manufacturing campus will be located in Poway, CA, adjacent to HCP’s Ridgeview Poway, a fully leased three building industrial project totaling 303,000 SF that Ryan Companies built in 2018. Vantage Point is comprised of 530,850 square feet (SF) and is expected to break ground in February 2019.
Located in the prestigious South Poway Business Park, Vantage Point is a two-building market leading project that is designed to fulfill the needs of logistics, distribution, warehouse and manufacturing users. Located at 14400 & 14500 Kirkham Way, each building at Vantage Point is designed to include two story office spaces ranging from 5-30% of the GLA, interior clear heights of 36’, 115 total dock high loading positions plus 12 grade level ramps, state of the art ESFR fire suppression systems with k25 heads, 180 wide concrete common truck drive aisle providing for four lanes of onsite truck traffic to service the buildings, three site access points and pad elevation well above surrounding streets. Each building will incorporate glass rollup doors to provide true indoor/outdoor collaboration space to be enjoyed by employees. The project will also provide extensive outdoor amenity and dining areas.
“Our success with these industrial projects is due to a combination of factors, great partners, a product that is in high demand with constrained supply, and of course first-class specifications and construction. Vantage Point will be no different and offer the best amenities available in the market,” said Chris Wood, President Ryan Companies, west region.
“The addition of this distribution development in central San Diego into our industrial fund aligns with our goal of providing investors access to best-in-class projects in a high barrier market,” said Todd Henderson, Head of Real Estate, Americas, at DWS Group.
Centrally located five miles east of Interstate 15 freeway and 3 miles west of State Route 67, the project fronts Scripps Poway Parkway, the prime east-west arterial. Vantage Point construction is expected to be complete in 2020 and will be marketed by Mickey Morera and James Duncan of Kidder Mathews.
Ryan Companies has built over 70M SF of industrial space nationally and nearly 3.5M SF of industrial projects in California, including the 411,000 SF three building state-of-the-art Pacific Vista Commerce Center in Carlsbad, CA which is completing construction this month. Ryan A + E designed the project.