San Diego, CA
CBRE Arranges Sale of Industrial Development in Escondido, California
The location is the former Escondido Ice Plex that shuttered in 2020
October 29, 2025
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CBRE has arranged the sale of Escondido Ice Plex, a 6.32-acre property at 555 North Tulip in Escondido, California. Hazard Construction acquired the property. CBRE’s Roger Carlson and Blake Wilson represented the seller, Onward Energy, in the transaction. Kidder Mathew’s, Mickey Morera represented the buyer, JEM Tulip LLC.
The location features the building of the former Escondido Ice Plex (77,787 sq. ft.), a sale-leaseback of an existing power plant facility and excess yard space.
“The sale included a partial sale-leaseback agreement, and its strategic location and flexible zoning provided an excellent opportunity for the buyer to expand its existing construction operation,” said Carlson, senior vice president at CBRE.
Located at the intersection of I-15 and Highway 78, the property offers excellent accessibility. The property features M-2 zoning and excess land, offering potential for future expansion and dock loading.
JEM Tulip LLC will use the property as its North County headquarters to service jobs in the region.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.