July 9, 2020
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.”
For comments, questions or concerns, please contact Dennis Kaiser