Cushman & Wakefield Arranges Long-Term Lease For Groundworks At 2954 Norman Strasse Road

An industrial property located at 2954 Norman Strasse Road in San Marcos has been leased. The asset encompasses a total square footage of 34,854 and is situated within a bustling market for modern industrial facilities. The landlord, Investcorp, previously acquired the property for $8.8 million in 2024.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Landlord: Rishi Kapoor - Investcorp
• Tenant: Groundworks
• Brokers: Aric Starck, Drew Dodds & Alex Bush - Cushman & Wakefield
• Lease Term: Long-term

Cushman & Wakefield facilitated a long-term, full-building lease on behalf of the landlord, highlighting the commitment to securing tenants for modern industrial spaces in the SR 78 corridor. The involvement of Aric Starck, Drew Dodds, and Alex Bush underscores the strategic partnership between the brokerage firm and Investcorp in this transaction.