KKR and Alpha Industrial Properties buys Brandywine Distribution Center
A partnership between KKR and Alpha Industrial Properties has acquired Brandywine Distribution Center for $24.4 million.
Stos Partners has sold the 170,011-square-foot, Class A multi-tenant property situated in San Diego’s South County. In addition, capital markets experts Bryce Aberg, Jeff Chiate, Jeffrey Cole, Ed Hernandez, Mike Adey and Zach Harman of Cushman & Wakefield’s San Diego and Orange County offices represented the seller in the transaction.
The property has a highly diversified tenant mix, including defense contractors, as well as regional and local companies like SolarCity, Tecnico, Curbell Plastics and Surgical Specialties. Brandywine Distribution Center comprises of two distribution buildings on 9.8 acres. The portfolio features well-designed ingress/egress, efficient warehouse and office configurations, as well as dock and grade loading. Located at 1670 & 1690 Brandywine Ave., in Chula Vista, Calif., the asset is near Interstates 5 and 805 and State Route 905.
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