June 24, 2016
Encinitas, CA-based RAF Pacifica Group acquired 18.4 acres of land in Carlsbad Raceway Business Park, where it plans to build two state-of-the-art distribution buildings totaling 272,430 square feet. The entitled land parcel was acquired for more than $15 million from from San Diego-based HG Fenton, a family-owned real estate company.
RAF Pacifica Group’s Adam Robinson says the development will be called “dis·trib·ute,” and consists of space divisible down to 10,000 square feet. The two distribution centers will be developed with a corporate headquarters aesthetic, incorporating a mix of modern creative office and leading-edge industrial space.
The developer plans to break ground first quarter of 2017, with an estimated completion in Q4 2017. Cushman and Wakefield’s Dennis Visser and Aric Starck represented both buyer and seller.
Connect with RAF Pacific Group’s Adam Robinson
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Connect with Cushman & Wakefield’s Starck
Tags: Acquisition, Broker, Development, Industrial
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