The lease renewal of a 99,840 square-foot industrial warehouse facility in Otay Mesa, located within the 601,417 square-foot Piper Ranch Logistics Center at 2020 Piper Ranch Road, San Diego, CA 92154 has been announced. Atlas Freight Forwarding Inc. has extended its current lease with a total consideration of approximately $7 million.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7 million
• Address: 2020 Piper Ranch Rd, San Diego, CA 92154
• Market: San Diego
• Tenant's Rep: Will Holder (Colliers International)
• Landlord: Ares Industrial Management
• Square Feet: 99,840

Colliers’ Otay Mesa Industrial experts, Chris Holder, Mark Lewkowitz, and Will Holder, brokered the deal on behalf of Atlas Freight Forwarding Inc. The project is owned by Ares Industrial Management. The property, situated on a 31.32-acre site adjacent to the world’s busiest land border in the dynamic submarket of Otay Mesa, offers proximity to an abundant skilled labor pool and direct freeway access with high visibility. Noteworthy features include a cross-dock configuration, extra trailer parking, secured truck courts, enhanced security with full perimeter fencing, and direct access to 905 Highway and 125 Toll Road.