Badiee Development and Exeter Property Group have completed construction of the Exeter Industrial Park, a 212,088 square foot, industrial distribution building in the City of Escondido. The record-breaking project brings the first new industrial building in over a decade and is the largest building of its kind in the City of Escondido.
“Badiee Development is proud to be a part of this landmark project for Escondido,” said Ben Badiee, CEO of Badiee Development Inc. “Exeter Industrial Park is a record building, completed in record time. This development is a true testament to a strong partnership between Badiee, Exeter and the City of Escondido. We look forward to continuing our work to develop critically needed projects for Escondido and across the San Diego region.”
Michelle Geller, Escondido’s economic development manager, explained the significance of the project from the city’s point of view: “The Exeter Industrial Park transformed underused land adjacent to our industrial area into a state of the art distribution facility. The addition of over 200,000 square feet of industrial space to our inventory addresses the City’s goal of increasing quality employment uses. We are happy to welcome a notable, Fortune 500 company like Veritiv to Escondido.”
The project is partnership between Badiee and Exeter, who last year reached an agreement to combine two separate projects into a single-tenant building, now known as Exeter Industrial Park. Badiee Development served as the construction manager of the Exeter Industrial Park.
Veritiv, a national distribution company, is the single tenant of the Exeter Industrial Park. Veritiv is a North American business-to-business distributor of packaging, facility solutions, print and public publishing products and services as well as logistics and supply chain management solutions.
The total 10.9 acre campus is located at 1925 and 2005 Harmony Grove Road, Escondido.