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March 21, 2019
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SOUTHERN CALIFORNIA NEWS
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FABRIC Finds Renovation Gem in LAGOON

1/09/19

FABRIC Investments, an Encinitas-based real estate development firm, has acquired a 15k sf, office/retail building in Oceanside for $3.75 mil ($250/sf). The two-story, multi-tenant building is located at 2110 South Coast Hwy.

FABRIC plans on making extensive interior and exterior renovations to transform the existing building into a modern retail and office mixed-use building named LAGOON. The renovated building will consist of 7k sf of experiential retail space on the ground level and 8k sf of creative office space on the second level.

LAGOON is slated for completion by mid-2019, but is bringing on new tenants immediately. The office component will feature turn-key spaces available for shorter term leases to accommodate the local start-up and entrepreneurial scene.

“LAGOON will have unique style with architectural design elements, including a bold Japanese-style midcentury modern wood slat façade,” said Curtis Clave, Principal at FABRIC. “As a part of the already vibrant scene in South Oceanside and the Carlsbad Village, LAGOON will house curated spaces for retail and creative office tenants.”

Amy McNamara and Marc Posthumus of Colliers International San Diego Region represented the seller, Bill Roskowski. McNamara also repped FABRIC in the deal.

“Oceanside continues to emerge as a vibrant neighborhood and ideal location for investors in Coastal North County,” said McNamara. “LAGOON will deliver impeccable retail and office space with panoramic ocean views that complements and enhances the neighborhood.”





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