July 9, 2020 Comments Off on BLT Enterprises Buys Carlsbad Facility for $40M Views: 494 California News, San Diego

BLT Enterprises Buys Carlsbad Facility for $40M

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Los Angeles-based BLT Enterprises acquired Create, a newly developed 146,108-square-foot Class A pharmaceutical manufacturing facility in Carlsbad from RPG, formerly RAF Pacific Group, for $40.45 million. Additionally, MilliporeSigma, whose parent company is Germany-based Merck KGaA, signed a long-term lease for the entire property located at 2827 Whiptail Loop West.

The new $110 million commercial facility is expected to open next year and will be MilliporeSigma’s second Carlsbad-based facility. The lifestyle campus has high image two-story lobbies, large retractable open air windows, solar power, an amenitized West-facing outdoor sundeck, as well as a bocce ball court, barbeque area, and ocean or canyon views.

Cushman & Wakefield’s Aric Starck represented RPG in both the lease and disposition.

Starck says, “This new state-of-the-art facility is very well located in the coastal and highly coveted Carlsbad submarket and strategically positioned within San Diego, the nation’s third largest life science cluster.”

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