On behalf of Prime Property Fund, Kearny asset and
property manages Ocean View Hills Corporate Center,
a state-of-the-art industrial park comprised of six
buildings totaling 665,572 sf. The project is
located in the Otay Mesa submarket of San Diego.
Kearny obtained the assignment based on the
company’s credentials as an entrepreneurial
management company and institutional quality
partner, and its expertise in the Otay Mesa market,
where Kearny owns the Otay Mesa
Industrial portfolio and Otay Crossings
Commerce Park.
Kearny assumed asset management and day-to-day
property management and property accounting services
for Ocean View Hills Corporate Center in March
2009. A more detailed description of the services
is as follows:
Asset Management: Kearny has taken an
aggressive
approach to leasing the property which was 84%
vacant with approximately 490,000 square feet
available upon taking over the assignment. Kearny
is responsible for managing marketing efforts for
the property, responding to all RFP’s, and
negotiating all leases.
Property Management: Kearny’s experienced
team of
property managers handle all day-to-day management
responsibilities, including tenant relations, vendor
management, and emergency response.
Property Accounting: Kearny provides
customized
institutional level reporting on a monthly basis
through MRI accounting software via its experienced
property management team.
Construction Management: From bidding through
completion, Kearny is responsible for managing all
construction projects associated with the property,
ranging from tenant improvements to general capital
improvement projects.
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