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| 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.”
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| 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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