August 9, 2016
San Diego-based Badiee Development acquired two land parcels in Carlsbad, CA totaling 8.4 acres for $6 million from Los Angeles-based Kilroy Realty Corp. The company plans to develop Carlsbad Oaks Innovation Park, a $21-million speculative “flex” campus.
The two-building Class A project will include 102,937 square feet of office and industrial space. The site is within the larger Carlsbad Oaks North Business Park, a master-planned development off Whiptail Loop, near Faraday Ave.
A first quarter 2017 ground breaking is planned, with completion slated for the fourth quarter of 2017.
Colliers International’s Tucker Hohenstein and Mike Erwin represented both the buyer and seller.
For comments, questions or concerns, please contact Dennis Kaiser