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10/31/16
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RAF Pacifica Group has announced plans for a spec corporate HQ / industrial development in Carlsbad. The project, to be called “cre•ate,” will be a 144.5k sf facility situated on 9.70 acres of land.
The facility will be divisible down to 72.2k sf and designed to accommodate one or two tenants in the tech and biotech industries. It will feature a true creative office aesthetic with a corporate headquarters look and feel. The completed project will include extensive glass for natural lighting, bi-fold vertical glass doors, modern landscaping, and outdoor amenity areas to cultivate a live/work/play environment.
“A flight to quality is underway in the Carlsbad industrial market,” says Adam Robinson, Principal of RAF Pacifica Group. “Today’s industrial users are demanding the same high-quality, creative environments as their office counterparts, with high-tech amenities and indoor/outdoor gathering areas that cultivate collaboration and drive innovation. We are building exactly what Carlsbad’s industrial users are seeking in order to attract creative tenants in this market.”
The cre•ate facility will include 50k sf to 70k sf of office to attract tenants in need of extensive office space. It will also feature the most unique outdoor space ever seen in any industrial property, as well as high-end creative office finishes and open floor plans for a collaborative work experience. Industrial features include 30’ clear height ceilings, ESFR sprinklers, and multiple dock-high doors.
Cre•ate will be located in Carlsbad Oaks North, a 120-acre, master-planned corporate business park in Carlsbad, California, near leading biotech firm IONIS Pharmaceuticals and two of RAF Pacifica Group’s other projects. The project is estimated to break ground in the second quarter of 2017.
RAF Pacifica Group acquired the land parcel for a total consideration of $8.8 mil from Carlsbad Oaks North Partners, LP. The development site is located at the intersection of Whiptail Loop and Gazelle Court in Carlsbad, California.
Mike Erwin and Tucker Hohenstein of Colliers International represented RAF Pacifica Group in the land purchase. Ted Cuthbert of Colliers International repped the seller.
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