CapRock buys acreage
By Staff report | PUBLISHED: August 17, 2018 at 7:45 am | UPDATED: August 17, 2018 at 7:45 am
CapRock Partners, a Newport Beach-based industrial real estate investment and development firm, has acquired a 26-acre site in the Sorrento Mesa neighborhood of San Diego. Terms were not disclosed.
The firm bought the property from a private investor. CapRock in a statement said it would use the land for industrial tenants or develop several speculative industrial buildings.
Mike Erwin, Tucker Hohenstein and Evan McDonald of Colliers International served as brokers on the acquisition.
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