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12/18/14
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Hines Interests Limited Partnership purchased a 161.3k sf manufacturing/R&D building in Carlsbad for $23.35 mil ($145/sf). The building, located at 2819 Loker Avenue East, north of Palomar Airport Rd and west of Melrose Dr, was sold by JP Morgan Chase.
Acushnet Company, the sole tenant, has been in the building for over 15 years and recently extended their lease through July 31, 2019. The golf products company is comprised of the Titleist, FootJoy, Pinnacle and Scotty Cameron brands.
Aric Starck and Rick Reeder of Cassidy Turley represented the seller in the deal. Hines repped itself in the transaction. Currently, Hines controls assets value at approximately $28.2 bil.
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