McCarthy Building Companies expands presence in San Diego
JLL Secures 30,000 s.f. lease at One Paseo for national building company amid continued growth
SAN DIEGO, Calif., July 5, 2023 – McCarthy Building Companies, Inc. (McCarthy) is expanding its presence in the San Diego market with the signing of a 30,000 square-foot lease for office space at One Paseo, a newly developed 23.6-acre mixed use campus in the coveted Carmel Valley submarket. McCarthy was represented by global commercial real estate and investment management company JLL on the transaction.
McCarthy has established a significant presence in the San Diego community following the construction of the Catamaran Hotel Parking Structure for the Evans Catamaran Resort Hotel & Spa in the mid-1980s. Since then, their local team of builders has developed timeless and iconic structures for clients such as the Salk Institute, University of California San Diego, Rady Children’s Hospital, Scripps Health, Biomed Realty, and County of San Diego. Currently, the team has been hard at work collaborating with industry and trade professionals to provide the highest level of preconstruction and construction services on nearly thirty community projects.
“As we continue to strive to deliver exceptional experiences for our clients and employees, it was imperative for us to secure a workspace that fosters collaboration and effectively accommodates our growth,” said Bob Betz, Executive Vice President and San Diego Office Leader for McCarthy. “One Paseo's urban environment aligns perfectly with McCarthy's culture — a flourishing community where employees, partners and clients can connect while enjoying everything San Diego has to offer. Additionally, this vibrant new space will further enhance our ability to attract and retain the industry’s top talent."
Nestled within a bustling public plaza surrounded by retail and dining destinations, McCarthy’s new office, designed by Gensler, features floor-to-ceiling windows, state-of-the-art on-site amenities, dedicated wellness space, and plenty of areas for training, collaboration, and innovative thinking.
“McCarthy wanted a space that provided for the new generation of workforce while representing its commitment to the region,” said Scott Wetzel, Executive Vice President at JLL. “One Paseo is the perfect location for McCarthy as it continues to grow and serve clients in the San Diego area.”
JLL’s Nicole Winters, Shawn Lorentzen, and Scott Wetzel represented McCarthy in the transaction.
The new office is located at 12830 El Camino Real, Suite 200, in San Diego, California.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About McCarthy
McCarthy Building Companies, Inc. is the oldest privately held national construction company in the country – with almost 160 years spent collaborating with partners to solve complex building challenges on behalf of its clients. With an unrelenting focus on safety and a comprehensive quality program that span all phases of every project, McCarthy utilizes industry-leading design phase and construction techniques combined with value-add technology to maximize outcomes. Repeatedly honored as a Best Place to Work and Healthiest Employer, McCarthy is ranked the 19th largest domestic builder (Engineering News-Record, May 2023). With approximately 6,300 salaried employees and craft professionals, the firm has offices in St. Louis, Atlanta; Collinsville, Ill.; Kansas City, Kan.; Omaha, Neb.; Phoenix; Las Vegas; Denver; Dallas, Houston; and San Diego, Los Angeles, Newport Beach, San Francisco, San Jose and Sacramento, Calif. McCarthy is 100 percent employee owned. More information about the company is available online at www.mccarthy.com or by following the company on Facebook, Twitter, LinkedIn, and Instagram.