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| Carlsbad Research Center, 1812 Aston Avenue, Carlsbad, CA |
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| 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.
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| 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.”
"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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