Elevation Land Company and a Real Estate Fund Advised by Crow Holdings Capital Host Groundbreaking Ceremony for Otay Business Park
Construction is underway at Otay Business Park in the Otay Mesa sub-market of San Diego. The 119-acre property was acquired in May 2022 through a joint venture between Elevation Land Company and a real estate fund advised by Crow Holdings Capital.
This strategic acquisition, the inaugural venture for Elevation Land Company, is set to pave the way for a development encompassing 1.8 million square feet of state-of-the-art industrial distribution and logistics buildings. Dempsey Construction is performing the horizontal site work, which includes grading, on-site and off-site utility and road infrastructure work. The campus is designed by Ware Malcomb.
Elevation Land Company was founded in early 2022 by real estate veteran Brig Black. Under his visionary leadership, this pioneering endeavor promises to redefine the industry’s standards and set new benchmarks for excellence.
Strategically situated north and south of the forthcoming Siempre Viva Road connection to SR-11, this property’s location is of paramount significance to the near-shoring trend that the United States is witnessing. Siempre Viva Road is the last exit on SR-11 before entering the Otay East U.S./Mexico Port of Entry commercial border crossing on the U.S. side, currently under construction.
The SR-11/Otay Mesa East Port of Entry is slated to open in late 2025. ELC anticipates finishing construction on phase one of its Class A distribution and logistics buildings near that date.
“The location of Otay Business Park is a tremendous asset for its future tenants,” said Black. “We’re proud to contribute key infrastructure to our unique cross-border regional economy.”