SOURCE: Harsch Investment Properties

Harsch Investment Properties

September 13, 2016 11:00 ET

Harsch Investment Properties Continues Strong San Diego-Area Growth With Acquisition of Poway's Scenic View Business Park

Portland, Ore.-Based Real Estate Firm's Latest Addition Brings I-15 Corridor Portfolio to Over 1.2 Million Square Feet

POWAY, CA--(Marketwired - Sep 13, 2016) - Portland, Ore.-headquartered Harsch Investment Properties, a privately held real estate investment, development and management company, has made another acquisition in the San Diego area with the purchase of South County's Class-A Scenic View Business Park. The industrial campus in Poway includes 147,848 square feet across eight multi-tenant buildings. Scenic View Business Park is 98 percent occupied, featuring seven manufacturing buildings and a distribution building. Over the past 10 years, Poway has traditionally been one of the strongest submarkets in San Diego County due to its diverse base of defense, manufacturing and small businesses.

"We've been looking for additional opportunities to acquire business parks in the Poway market, and Scenic View has been at the top of our list," said Jordan Schnitzer, president of Harsch Investment Properties. "This acquisition will bring our portfolio on the I-15 corridor to over 1.2 million square feet and provide our tenants with the opportunity to expand and grow within the portfolio."

The 12.8-acre Scenic View Business Park is conveniently positioned within the central San Diego market along Stowe Drive and Kirkham Court, just a few miles east of I-15 and on the northern edge of the Scripps Poway Parkway. The site is located within the master-planned Poway Business Park development, home to more than 500 businesses that include industrial, office and retail operations.

"We acquired our first industrial park in Poway 15 years ago and have been very impressed with the business community and the intelligent growth that has occurred in both the residential and commercial sectors," said Bill Rodewald, senior vice president and regional manager, San Diego.

Scenic View Business Park can accommodate multiple uses and maximum leasing flexibility, such as for manufacturing, showrooms, distribution and offices in a variety of suite sizes. It features ample parking and truck storage, dock and ground-level loading, and an on-site deli.

Bryce Aberg of Cushman & Wakefield National Industrial Advisory Group served as the listing broker for Scenic View Business Park.

About Harsch Investment Properties
Harsch Investment Properties is a privately held real estate company that acquires, manages and develops properties for its own portfolio. Founded in 1950, the company owns and operates 23 million square feet of office, multi-tenant industrial, multi-family and retail properties in six western states. Headquartered in Portland, Oregon, Harsch has regional offices in San Diego, Seattle, Portland, the San Francisco Bay Area, Sacramento and Las Vegas. More information can be found by going to http://www.harsch.com.

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