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12/04/24
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In a recent owner/user buy, IDEC Corporation purchased Studio 2200, a 233.2k sf freestanding industrial/flex building in Carlsbad, for $49.5 mil ($212/sf). IDEC is a leading manufacturer of industrial automation and control products worldwide.
IDEC, which is relocating its existing operation from Silicon Valley, plans to occupy a majority of the two-story facility, located at 2200 Faraday Ave. The buyer will continue to lease out a portion of the space to the building’s existing tenants.
Situated on nearly 14 acres, Studio 2200 is the largest single asset in the Carlsbad Research Center, providing a marquee asset for the occupant. The flex property also features private balconies and outdoor amenity spaces, prominent signage, ample dock and grade loading positions, a freight elevator, 15.5’ to 17’ clear heights, and heavy power.
Cushman & Wakefield’s Aric Starck and Drew Dodds represented the seller, Hill Companies LLC, a Greenwood Village, CO-based investment firm, in the disposition. Cushman & Wakefield’s Peter Curry and CBRE’s Dennis Visser and Weston Yahn repped the buyer.
According to Starck, the amenitized property features versatile, functional space with flexible floorplates able to house a variety of corporate functions from high-tech manufacturing to office.
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