October 5, 2016
Encinitas, CA-based RAF Pacifica Group acquired 4.43 acres in Carlsbad, CA, where it plans to develop in•sti•gate, the first true creative office campus in North San Diego County since 2008. The developer, which plans to break ground next August on the roughly 50,000-square-foot work/play lifestyle project, acquired the site from Solana Beach, CA-based Cruzan for $4.8 million.
The project seeks to infuse a new level of architecture into the market, with a communal quad atmosphere and loft-style buildings featuring clam-shell glass walls for a coastal vibe, and open exposed HVAC. The project will also include rooftop decks, and resort-style facilities, an on-site fitness center, indoor/outdoor meeting areas, onsite high-end restaurants, and outdoor BBQ areas.
Cushman & Wakefield’s Aric Starck represented both the buyer and the seller.
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