CONSTRUCTION COMPLETE FOR 663,000-SQUARE-FOOT INDUSTRIAL COMPLEX

SAN DIEGO — Construction is complete for Ocean View Hills Corporate Center, a 663,000-square-foot industrial complex located on Otay Mesa Road in San Diego. The center consists of six one-story, tilt-up concrete buildings ranging in size from 56,000 to 183,000 square feet. The buildings are divisible into units ranging from 7,900 to 50,700 square feet. Each rentable space offers dock- and grade-level loading, and eight units feature a mezzanine. Expeditors International has already leased 54,000 square feet of space at the complex. The complex was developed by Sudberry Development Inc. and an affiliate of Morgan Stanley Real Estate Advisor Inc., which purchased the property from Pardee Homes in June 2005. Smith Consulting Architects provided architectural services for the project.