Partners Increase Local Stake with $20 Million Purchase of Poway Warehouse ...Middle East

Times of San Diego - News
Partners Increase Local Stake with $20 Million Purchase of Poway Warehouse
13450 Stowe Drive in Poway. Photo credit: Screen shot, Google Street View A 78,000 square foot industrial property in Poway has been purchased for an estimated $20 million by two investment firms seeking West Coast infill sites. For Staley Point Capital,  an investor focused on West Coast industrial properties, and Bain Capital Real Estate, the real estate investing arm of Bain Capital, it is the third acquisition in the San Diego County market after two deals in Vista two months ago. Located at 13450 Stowe Drive in Poway, the new purchase includes a building that is 100% leased to a long-standing global credit tenant. The price breaks down to $251 per square foot which is a sign

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