Tuesday, May 5, 2026
NewMark Merrill acquires development site in Otay Mesa
The 2.5-acre site is fully leased to three nationally recognized tenants: Wendy's, Dutch Bros Coffee, and Quick Quack Car Wash.
Photo courtesy of NewMark Merrill Cos., Inc.
A 2.5-acre property in Otay Mesa has been acquired by NewMark Merrill Cos., Inc. It will be the future site of a Wendy’s, Dutch Bros Coffee, and Quick Quack Car Wash.
A 2.5-acre property in Otay Mesa has been acquired by NewMark Merrill Cos., Inc. It will be the future site of a Wendy’s, Dutch Bros Coffee, and Quick Quack Car Wash.
NewMark Merrill Cos., Inc. on Tuesday announced it acquired a 2.5-acre property located at the northeast corner of Ocean View Hills Parkway and Otay Mesa Road in Otay Mesa.
The site is fully leased to three nationally recognized tenants: Wendy's, Dutch Bros Coffee, and Quick Quack Car Wash. All three tenants are scheduled to open early next year.
"This site brought together the right location, the right tenants, and the right timing," said Barret Bradley, vice president of acquisitions and development at NewMark Merrill Cos., in a statement. "Otay Mesa's growth has been really exciting to watch, and we're glad to be part of the neighborhood with a dynamic new project anchored by three best-in-class brands."
Andrew Peterson and Chris Kehl of SRS Real Estate Partners represented NewMark Merrill in the leasing and procurement of all three tenants.
SRS Real Estate Partners also represented Dutch Bros and Quick Quack and were instrumental in bringing the project to fruition, according to NewMark Merrill.
Wendy's was represented by Brian Pyke and Jack Avarello of Retail Insite.
The Otay Mesa submarket has undergone a remarkable transformation, adding more than 1,200 new households within one mile since 2010, a 63 percent increase, according to NewMark Merrill. Median household incomes in Otay Mesa have reached $123,358 -- well above the national median.
The area's development pipeline further underscores an upward trajectory, with more than 6,000 new residential units planned or recently delivered in the surrounding corridor, signaling continued long-term confidence in the submarket, NewMark Merrill said.
"We love being part of communities that are growing, and Otay Mesa fits that perfectly," Branden Schan, director of real estate at Dutch Bros Coffee, said in a statement. "This is a great site with great partners, and we're looking forward to the opening of this new location, as well as many more with NewMark Merrill."
Otay Mesa has experienced significant residential and commercial expansion in recent years, driven by its proximity to the Otay Mesa Port of Entry, one of the busiest commercial land border crossings in the U.S. Its growth also is helped by the continued buildout and densification of the surrounding Ocean View Hills residential community.
NewMark Merrill's recently purchased property benefits from strong daily traffic counts, growing rooftops, and a consumer base underserved by national convenience-oriented retail.
The retail development company executed the full scope of the project, from entitlement and permitting to leasing, financing, and site development.
Construction financing for the project was provided by Radar Capital Partners, a repeat lending partner that has closed three transactions with NewMark Merrill. Construction is being managed by PR Construction.
NewMark Merrill's acquisition, development, financing, and leasing teams for the project included John Hickman -- managing director (San Diego); Barret Bradley -- vice president of acquisitions and development; Robert Mendoza -- director of development & construction; Taylor Kuchman -- acquisitions & development associate; and Sandra Kist -- chief financial officer.
The site is fully leased to three nationally recognized tenants: Wendy's, Dutch Bros Coffee, and Quick Quack Car Wash. All three tenants are scheduled to open early next year.
"This site brought together the right location, the right tenants, and the right timing," said Barret Bradley, vice president of acquisitions and development at NewMark Merrill Cos., in a statement. "Otay Mesa's growth has been really exciting to watch, and we're glad to be part of the neighborhood with a dynamic new project anchored by three best-in-class brands."
Andrew Peterson and Chris Kehl of SRS Real Estate Partners represented NewMark Merrill in the leasing and procurement of all three tenants.
SRS Real Estate Partners also represented Dutch Bros and Quick Quack and were instrumental in bringing the project to fruition, according to NewMark Merrill.
Wendy's was represented by Brian Pyke and Jack Avarello of Retail Insite.
The Otay Mesa submarket has undergone a remarkable transformation, adding more than 1,200 new households within one mile since 2010, a 63 percent increase, according to NewMark Merrill. Median household incomes in Otay Mesa have reached $123,358 -- well above the national median.
The area's development pipeline further underscores an upward trajectory, with more than 6,000 new residential units planned or recently delivered in the surrounding corridor, signaling continued long-term confidence in the submarket, NewMark Merrill said.
"We love being part of communities that are growing, and Otay Mesa fits that perfectly," Branden Schan, director of real estate at Dutch Bros Coffee, said in a statement. "This is a great site with great partners, and we're looking forward to the opening of this new location, as well as many more with NewMark Merrill."
Otay Mesa has experienced significant residential and commercial expansion in recent years, driven by its proximity to the Otay Mesa Port of Entry, one of the busiest commercial land border crossings in the U.S. Its growth also is helped by the continued buildout and densification of the surrounding Ocean View Hills residential community.
NewMark Merrill's recently purchased property benefits from strong daily traffic counts, growing rooftops, and a consumer base underserved by national convenience-oriented retail.
The retail development company executed the full scope of the project, from entitlement and permitting to leasing, financing, and site development.
Construction financing for the project was provided by Radar Capital Partners, a repeat lending partner that has closed three transactions with NewMark Merrill. Construction is being managed by PR Construction.
NewMark Merrill's acquisition, development, financing, and leasing teams for the project included John Hickman -- managing director (San Diego); Barret Bradley -- vice president of acquisitions and development; Robert Mendoza -- director of development & construction; Taylor Kuchman -- acquisitions & development associate; and Sandra Kist -- chief financial officer.
