November 29, 2016 Comments Off on Pre-Leasing Accelerates at Spec Dev Views: 416 California News, San Diego, West

Pre-Leasing Accelerates at Spec Dev

San Diego-based RAF Pacifica Group hit a leasing milestone at el•e•vate, a nearly 160,000-square-foot creative industrial project under development in Carlsbad, CA. The two-building project is nearly 50% pre-leased, following deals with a trio of companies totaling more than 70,000 square feet.

The developer leased 54,018 square feet to UNITE Eurotherapy for a new corporate HQ. RAF Pacifica Group also signed a 10,994-square-foot deal with B&D Nutritional Ingredients, as well as a 5,509-square-foot lease with Canadian-based Hydrogenics.

RAF Pacifica Group’s Adam Robinson says, “Our ability to heavily pre-lease this spec-project demonstrates that the demand for industrial space will support new development if you’re willing to invest in a high-end product.” He notes they are in negotiations for an additional 25% of the facility.

Hughes Marino’s Shane Poppen represented UNITE Eurotherapy, Kidder Mathews’ Bob Willingham represented B&D Nutritional Ingredients and Venture Pacific’s Tyler Harrison represented Hydrogenics. Colliers International’s Mike Erwin, Conor Boyle and Tucker Hohenstein represented the landlord.

Connect With RAF Pacifica Group’s Robinson

Connect With Colliers’ Erwin

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