Monday, September 12, 2016

RAF Pacifica Group Acquires Class A Carlsbad Asset While Securing 12-Year Full-Building Lease in One Weekend

Carlsbad Research Center, 1812 Aston Avenue, Carlsbad, CA

Adam Robinson
SAN DIEGO, CA  (Sept. 12, 2016) – RAF Pacifica Group had a busy weekend.  The owner and developer of Creative Industrial™ product throughout Southern California acquired a 65,310 square-foot Class A corporate headquarters building in the Carlsbad Research Center and simultaneously secured a 12-year lease for 100 percent of the property - all in one weekend.

            “This acquisition is a testament to our ability to move extremely quickly while making deals that make sense,” says Adam Robinson, Principal of RAF Pacifica Group.

“Our brokers, Aric Starck and Dennis Visser of Cushman & Wakefield, brought us this opportunity with their tenant Ostendo Technologies because of our track record of being able to move quickly.

“Our team worked closely with the Cushman brokers, and together we were able to execute a 12-year lease with Ostendo Technologies, complete due diligence, and fund a non-refundable deposit within two days.  This has to be a record.”

The seller, Blackmore Company, a Carlsbad-based commercial real estate developer of industrial, R&D, and office properties, was represented by Roger Carlson and Adam Molnar of CBRE. in the $10 million deal.

Lori Wendel

 James Ruiz and Lori Wendel  of Keystone Mortgage arranged acquisition financing for the transaction.

The property is located at 1812 Aston Avenue in Carlsbad, California, near the I-5 at College Blvd. and Palomar Airport Road.

The asset, a high-quality office and R&D property, encompasses 23,908 square feet of  office space and 41,402 square feet of warehouse space in the Carlsbad Research Center. 

The tenant that will occupy the building is Ostendo Technologies, a San Diego-based manufacturing company.

            “We are bullish on Carlsbad because of the tremendous growth in the tech and biotech industries,” explains Robinson. “Recognized by Google as the digital capital of California, Carlsbad boasts one of the largest and fastest-growing tech clusters in the nation, and is truly the epicenter of technological innovation. 

"This asset serves as the perfect corporate headquarters building for a tech company, and is designed with a mix of office and industrial space to accommodate a variety of business operations.”

For a complete copy of the company’s news release, please contact:

Katie Kea / Jenn Quader
Brower, Miller & Cole
(949) 955-7940

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