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| Palomar Corporate Center, 3210 Executive Ridge Drive, Vista, CA |
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| Paul Britvar |
SAN DIEGO, CA — Newmark Grubb Knight Frank (NGKF) has
completed the sale of Palomar Corporate
Center, a fully occupied, 66,922-square-foot industrial property in Vista,
California.
Brent Bohlken,
senior managing director, and Paul
Britvar, associate with NGKF in the firm’s La Jolla office, completed the
sale on behalf of the buyer, San Mateo, California-based TDA, Inc. The seller
was D. A. Whitacre Family Trust.
Built in 1999 and located
at 3210 Executive Ridge Drive, Palomar Corporate Center is situated on 3.62
acres. It is fully occupied by EarthLite as its corporate headquarters. A
leading supplier of massage tables and accessories, EarthLite also uses the
building for manufacturing, distribution and sales activities.
The property features
approximately 15,000 square feet of finished mezzanine space, four grade-level
loading doors, four dock-high loading doors, a freight elevator and 128 parking
spaces.
“The buyer sought out
Palomar Corporate Center because it is a stabilized, pride-of-ownership asset
in a good location where vacancy is very low – about 4.5 percent,” said
Bohlken. “The buyer plans to hold long-term.”
For a
complete copy of the company’s news release, please contact:
Darcie Giacchetto
Spaulding Thompson &
Associates
949.278.6224
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