Thursday, April 16, 2026
Cushman & Wakefield arranges full-building lease in San Marcos
Groundworks recently signed a new long-term lease for the entire 34,854-square-foot industrial facility at 2954 Norman Strasse in San Marcos.
Groundworks recently signed a new long-term lease for the entire 34,854-square-foot industrial facility at 2954 Norman Strasse in San Marcos.
Cushman & Wakefield brokers Aric Starck, Drew Dodds and Alex Bush represented the landlord, Investcorp, in the transaction.
"This lease exemplifies the strong appetite among tenants for modern industrial properties that deliver both operational efficiencies and Class A improvements," Starck said in a statemwnt. "The building's combination of warehouse features, office integration and secured yard space meets a unique set of requirements that are increasingly rare in today's market.
"The long-term commitment by a full-building user highlights both the asset's quality and the ongoing momentum for industrial leasing along the SR 78-corridor."
Groundworks is a specialized full-building user with operational needs spanning warehouse, office and vehicle-based activities. The lease structure was tailored to accommodate these requirements, offering flexibility for both current operations and future growth.
The building's features, such as dedicated parking, fenced yard and the ability to support vehicle-based operations, were key factors in the tenant's decision, reflecting a broader trend toward highly functional, move-in-ready industrial spaces.
The building at 2954 Norman Strasse is a modern free-standing industrial facility designed to support a range of logistics and production uses. The building offers integrated Class A office space, high clear height, ESFR sprinklers systems, heavy power, and dock- and grade-level loading capabilities.
Secured outdoor storage and dedicated parking enhance the operational efficiency and security for tenants with specialized requirements. The facility's design supports seamless transitions between office and warehouse functions, providing flexibility for diverse business operations.
The property benefits from visibility and proximity to State Route 78 in addition to other major transportation corridors, including nearby highways and regional transit options. The site offers convenient access for employees and logistics operations, with proximity to local amenities, restaurants and service providers.
The surrounding area supports a vibrant business community, making it an attractive location for tenants seeking both operational convenience and a dynamic work environment.
Cushman & Wakefield brokers Aric Starck, Drew Dodds and Alex Bush represented the landlord, Investcorp, in the transaction.
"This lease exemplifies the strong appetite among tenants for modern industrial properties that deliver both operational efficiencies and Class A improvements," Starck said in a statemwnt. "The building's combination of warehouse features, office integration and secured yard space meets a unique set of requirements that are increasingly rare in today's market.
"The long-term commitment by a full-building user highlights both the asset's quality and the ongoing momentum for industrial leasing along the SR 78-corridor."
Groundworks is a specialized full-building user with operational needs spanning warehouse, office and vehicle-based activities. The lease structure was tailored to accommodate these requirements, offering flexibility for both current operations and future growth.
The building's features, such as dedicated parking, fenced yard and the ability to support vehicle-based operations, were key factors in the tenant's decision, reflecting a broader trend toward highly functional, move-in-ready industrial spaces.
The building at 2954 Norman Strasse is a modern free-standing industrial facility designed to support a range of logistics and production uses. The building offers integrated Class A office space, high clear height, ESFR sprinklers systems, heavy power, and dock- and grade-level loading capabilities.
Secured outdoor storage and dedicated parking enhance the operational efficiency and security for tenants with specialized requirements. The facility's design supports seamless transitions between office and warehouse functions, providing flexibility for diverse business operations.
The property benefits from visibility and proximity to State Route 78 in addition to other major transportation corridors, including nearby highways and regional transit options. The site offers convenient access for employees and logistics operations, with proximity to local amenities, restaurants and service providers.
The surrounding area supports a vibrant business community, making it an attractive location for tenants seeking both operational convenience and a dynamic work environment.
