Saturday, December 3, 2016

RAF Pacifica Group’s First Creative Industrial Spec-Development Project in San Diego, CA Nearly 50 Percent Pre-Leased

Adam Robinson
SAN DIEGO, CA – Announcing that he has pre-leased approximately 50 percent of his first Creative Industrial™ spec development, el•e•vate, months before construction is finished, Adam Robinson, Founder & Principal of San Diego-based developer RAF Pacifica Group notes that the success of the product was expected.

“We made the decision to start construction on this 156,977 square-foot, two-building project on a purely speculative basis because we know there is enormous demand for new, high-quality industrial space.

“With that demand, and our unique Creative Industrial approach, we were able to garner strong interest from multiple tenants and successfully pre-leased nearly 50 percent of our first spec-Creative Industrial development months ahead of its construction completion date,” he noted.

“The timing is right for spec-industrial development in San Diego,” continues Robinson. “Our ability to heavily pre-lease this spec-project demonstrates that the demand for industrial space will support new development if you’re willing to invest in a high-end product.

“By building state-of-the-art industrial facilities that integrate a creative office, corporate headquarters aesthetic, we are delivering the highest quality, most functional product in the current market.”

Tucker Hohenstein

Tucker Hohenstein, Senior Vice President of Colliers International in Carlsbad, adds, “All signs indicate a need for spec-industrial space. The tightening in supply of industrial product, coupled with demand drivers such as the rise of e-commerce, makes spec-development a strong long-term investment opportunity for investors and developers.”

The development site is located at 2870 and 2864 Whiptail Loop in Carlsbad, California. Situated in the Carlsbad Oaks North business park, el•e•vate offers access to the I-5, I-15, and Highway 78 for transportation and distribution.

Mike Erwin, Conor Boyle and Tucker Hohenstein of Colliers International are handling the leasing on behalf of RAF Pacifica Group.

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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