Wednesday, November 2, 2016

RAF Pacifica Group Unveils Planned Spec Development of New 144,461-SF Creative Industrial Building in Carlsbad, CA

Adam Robinson
SAN DIEGO, CA – RAF Pacifica Group has announced its newest Creative Industrial™ spec development project. The company unveiled plans for “cre•ate,” a 144,461 square-foot corporate headquarters facility situated on 9.70 acres of land in the thriving Carlsbad market, according to Adam Robinson, Principal of RAF Pacifica Group. This is the firm’s seventh ground-up spec development project in the San Diego County.

“A flight to quality is underway in the Carlsbad industrial market,” says Robinson. “Today’s industrial users are demanding the same high-quality, creative environments as their office counterparts, with high-tech amenities and indoor/outdoor gathering areas that cultivate collaboration and drive innovation. 

"We are building exactly what Carlsbad’s industrial users are seeking in order to attract creative tenants in this market.”

The firm’s planned development will be a Creative Industrial™ corporate headquarters facility, divisible down to 72,231 square feet and designed to accommodate one or two tenants in the tech and biotech industries.

According to Robinson, cre•ate will feature a true creative office aesthetic with a corporate headquarters look and feel. The completed project will include extensive glass for natural lighting, bi-fold vertical glass doors, modern landscaping, and outdoor amenity areas to cultivate a live/work/play environment.

Mike Erwin
“Today’s tech, biotech, and manufacturing companies are seeking flexible workspaces that will allow them to consolidate their research and development, engineering, and corporate operations under one roof for maximum efficiency,” continues Robinson.

“The challenge is that there is currently no existing product that integrates both creative office and industrial space in one state-of-the-art facility.  Our cre•ate project will fill this void in the market and provide users with the work environments that will enable them to grow and prosper.”

The cre•ate facility will include 50,000 to 70,000 square feet of office to attract tenants in need of extensive office space, according to Robinson.

The planned development will also feature the most unique outdoor space ever seen in any industrial property, as well as high-end creative office finishes and open floor plans for a collaborative work experience. Industrial features include 30’ clear height ceilings, ESFR sprinklers, and multiple dock-high doors.

Mike Erwin and Tucker Hohenstein of Colliers International represented RAF Pacifica Group as the buyer, while Ted Cuthbert of Colliers International represented the seller.

Tucker Hohenstein
“Carlsbad’s innovation economy is booming, fueling the demand for workspaces that foster creativity,” notes Robinson. “The Carlsbad Center for Economic Development recently reported that more than 650 new patents were issued to Carlsbad businesses last year, a rate that outpaces even innovation hubs such as the San Francisco Bay Area. Our cre•ate project is uniquely positioned to leverage this momentum of innovation, making this development a strong, long-term investment for our firm.”

Cre•ate will be located in Carlsbad Oaks North, a 120-acre master planned corporate business park in Carlsbad, California, near leading biotech firm IONIS Pharmaceuticals and two of RAF Pacifica Group’s other Creative Industrial™ projects.  The project is estimated to break ground in the second quarter of 2017.

RAF Pacifica Group acquired the 9.70-acre land parcel for a total consideration of $8.8 million from Carlsbad Oaks North Partners, LP. The development site is located at the intersection of Whiptail Loop and Gazelle Court in Carlsbad, California.

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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