First phase of Otay Business Park Development complete

The first phase of Otay Business Park, a 119-acre campus of Class A, state-of-the-art industrial distribution and logistics buildings, has been completed.

The project is being developed by Elevation Land Co. and a real estate fund advised by Crow Holdings Capital.

The first phase consists of 612,240 square feet of space throughout four buildings.

"At full build-out, Otay Business Park will provide 1.8 million square feet of industrial space in a location that's hard to beat for logistics efficiency," Elevation Land Co. founder and principal Brig Black said in a statement. "Completing this first phase of the project is a big milestone, showcasing the impeccable design and construction quality Otay Business Park offers."

Dempsey Construction, the general contractor for the project, worked around the clock to deliver Phase I of Otay Business Park on schedule and on budget, the developers said.

Otay Business Park has been designed by Ware Malcomb. Brant Aberg and Ryan Downing of Cushman & Wakefield are marketing the property.

All Phase I buildings offer 32-foot clear height and are available for purchase or lease. Each building is divisible to accommodate varying tenant size requirements.

Building 1: 203,200 square feet, 197 parking stalls, 50 trailer stalls, 36 loading docks, two grade-level doors

Building 2: 233,880 square feet, 220 parking stalls, 52 trailer stalls, 37 loading docks, two grade-level doors

Building 3A: 95,400 square feet, 104 parking stalls, 22 loading docks, two grade-level doors

Building 3B: 79,760 square feet, 87 parking stalls, 20 loading docks, two grade-level doors

"Otay Business Park is a significant development for the region, and we're proud to have played a role in bringing the first phase to life," said John Dempsey, founder and CEO of Dempsey Construction. "A project of this scale requires tremendous coordination, communication and commitment from everyone involved. Our team worked closely with Elevation Land Company, Crow Holdings Capital and Ware Malcomb throughout the process, and the successful delivery of Phase I reflects the strength of that collaboration."

Otay Business Park is located within a 20-minute drive from six highways, interstates and state routes.

It spans the Siempre Viva Road connection to State Route 11, which is the last exit on SR-11 before vehicles enter the Otay East U.S./Mexico Port of Entry commercial border crossing. The first phase of this new port-of-entry is slated to open in late 2027.

Otay Business Park is expected to provide job growth to the region and is designed to support companies engaged in e-commerce, 3PL operators, storage/warehouse occupiers and continually growing manufacturing demand.

The complex offers move-in ready speculative development, build-to-suit lease opportunities, and build-to-sale purchase opportunities to cater to specific occupier needs. The development team is negotiating with several interested, undisclosed tenants and buyers.