Colliers arranged the 119,044-square-foot lease of Building 2 within Sanyo Logistics Center at 9350 Airway Rd. in San Diego’s Otay Mesa submarket. Reportedly it’s the largest new lease completed in size and deal value in the past 12 months in South County. The property is owned and operated by an affiliate of Badiee Development.

EVPs Mark Lewkowitz and Chris Holder and associate VP Will Holder, who have led the project’s marketing efforts since its completion in 2020, brokered the deal on behalf of Badlee. SVP Jeff Saywitz and Michael Mossmer of VOIT Real Estate Services represented the tenant, Brokerage & Logistics Solutions, Inc.

“Class A buildings such as this, within walking distance to the border and with superior dock counts, will always be highly valued to customs brokers and 3PLs,” said Lewkowitz. “We are so pleased with the successful outcome and thank the Badiee team for their continued trust and partnership.”

OC Lifetime Achievement Award: Johnson Capital Advisors’ Founder & CEO, now Principal Emeritus, Guy Johnson, will receive the Connect CRE Lifetime Achievement Award at Connect Orange County on Thursday, March 20th. Register to attend sit in on a very special Keynote Conversation between Guy and presenters from Matthews REIS, Red Oak Capital Holdings, and more, who have worked with Guy throughout his career. www.ConnectOC2025.com

San Diego planners gave unanimous approval recently to Cornerstone Communities for an Otay Mesa project with 450 townhouses, reported the San Diego Union Tribune. The Candlelight project is located in one of the few undeveloped areas of San Diego County, about a mile from the U.S.-Mexico border. Although the plan had previously been approved, changes to the unit types required a new vote. 

Environmental concerns, and plans for mitigation efforts, have kept the project in the planning stages, off and on, for roughly 12 years. After last Thursday’s vote, Cornerstone anticipates starting work on the site in September, with the first homes opening in late 2025. 

Cornerstone CEO Ure Kretowicz told the Union Tribune he envisions the project as workforce housing because early cost estimates put townhouses in the mid-$500,000 to low $600,000 range. Even the highest-priced models would be below the $802,500 median home price in January.