Kearny South Bay Business Park (X-Nissan Campus)

A partnership between Kearny and Morgan Stanley Real Estate Fund acquired the 42-acre, 708,000 sf campus from Nissan in October 2006.

Kearny South Bay Business Park is comprised of 13 buildings formerly occupied by Nissan as its North American headquarters. The individual buildings vary from low & mid-rise office buildings to industrial and R&D from 14,000 to 184,000 sf.

The project is at the junction of the San Diego (405) and Harbor (110) freeways which offers unparalleled visibility from both freeways and is strategically located between the Ports of Los Angeles & Long Beach and LAX.

After acquiring the complex, Kearny embarked on a multimillion dollar improvement plan to upgrade the individual buildings prior to returning them to market for sale. Kearny resolved substantial challenges with both the City of Los Angeles and Carson to convert the single-user campus to 13 stand alone buildings. Tasks included numerous lot line adjustments, utilities separation, significant ADA and cosmetic improvements, asbestos abatement, demolition of elevated pedestrian bridges, creation of expanded parking, quit claim of parking covenants and processing of condominium maps.

Kearny’s strategy to position the individual buildings for sale to small and midsize businesses proved to be a win-win. The sales of the individual buildings helped minimize the impact from the 2,000 jobs that were lost when Nissan moved their headquarters out of California.

Now complete, Kearny South Bay Business Park employs more people than when Nissan occupied the property. Due to demand and the significant improvements made to the campus, the campus was quickly backfilled by firms in diversified sectors including finance, health services, high-tech manufacturing, fashion, automotive, and food processing which helped to re- energize the entire area. Of the 13 buildings, 7 were sold in 2007, 5 in 2008 and the last office building closed in December 2009. Kearny is proud of this transformation.