National City Partners Ltd. has acquired a 40,000-square-foot industrial building in National City for $3 million, according to brokerage services company Cassidy Turley San Diego, which represented the seller, International Paper.
The buyer of the property, at 1010 W. 19th St., was represented by Lee & Associates.
International Paper occupied the property for several years as a distribution center, before recently deciding to handle distribution through Los Angeles, according to Cassidy Turley.
The new owner, with Fiedler Construction Group as general partner, has negotiated a new lease for the entire property with a San Diego-based defense contracting firm. Details on that transaction, including the new tenant, were not disclosed.
— SDBJ Staff Report