November 1, 2016 Comments Off on Creative Biotech Campus Trades Hands Views: 426 California News, San Diego, West

Creative Biotech Campus Trades Hands

Faraday Research Center in Carlsbad, CA was acquired by an unnamed Los Angeles-based investor for $19 million. The 65,840-square-foot biotechnology/creative office property was acquired from El Segundo, CA-based Alvarez & Marsal Capital Real Estate, LLC.

The state-of-the-art, single-story, Class A building is fully leased to Abbott Laboratories and Wasserman Media Group. A significant tenant capital investment program was recently completed, including newly-constructed creative office improvements with contemporary design and finishes.

The property is part of a larger master-planned development known as Carlsbad Research Center, and is situated amongst a premier cluster of life science companies.

Cushman & Wakefield Capital Markets Group’s Aric Starck and Rick Reeder represented both parties in the transaction.

Connect with C&W’s Starck

Connect with Alvarez & Marsal Capital Real Estate

For comments, questions or concerns, please contact Dennis Kaiser

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