March 2, 2016
A fund advised by CBRE Global Investors acquired a 93,254-square-foot industrial property located in Carlsbad, from a privately-held real estate investment advisor. Terms of the acquisition were not disclosed.
The property is fully leased to Nordson ASYMTEK, a manufacturer of automated dispensing systems that apply coating and protective fluids for smart phones and other devices.
A high concentration of companies that engineer devices, typically medically-related, as well as sporting goods, has created a key tech manufacturing hub in Carlsbad. The market has experienced significant absorption by similar types of occupiers in the past 12 to 18 months.
CBRE Global Investor’s Gardner Ellner oversaw the acquisition for the Los Angeles-based firm. The seller was represented by CBRE’s Louay Alsadek, Hunter Rowe and Andrew Taylor, as well as Cushman & Wakefield’s Dennis Visser and Todd Davis.