Thursday, September 3, 2015

Newmark Grubb Knight Frank Completes Sale of Industrial Property in San Diego County, CA


Palomar Corporate Center, 3210 Executive Ridge Drive, Vista, CA

 
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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