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Carlsbad Gateway Center Sale Nets $28M

CARLSBAD, CA-Private investors Judson E. Cornish and Christine A. Cornish acquire the nine-building, mixed-use asset from Brookwood Carlsbad Realty Investors LLC. The property, which is located on El Camino Real and Palmer Way, encompasses 233,751 sf.

By Erin Cassin | Updated on July 18, 2003

CARLSBAD, CA-Brookwood Carlsbad Realty Investors LLC has netted $28 million with its recent sale of a 233,751-sf, mixed-use asset in Carlsbad to private buyers Judson E. Cornish and Christine A. Cornish.

The property, known as Carlsbad Gateway Center, is comprised of one class A office building and eight industrial facilities. It was built in two phases, with the office building and half of the industrial facilities rising on El Camino Real and Palmer Way in 1987. The other four industrial buildings were constructed two years later on Palmer Way. All nine concrete, tilt-up facilities stand on a 13.89-acre parcel, which stretches from 5650-5674 El Camino Real to 5611-5671 Palmer Way. Amenities at Carlsbad Gateway Center include an on-site deli, flower store and fitness center. The complex also features grade level loading, clear heights up to 14 ft and a parking ratio of 2.5 spaces to 1,000 sf.

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