The new tenant, a California public charter school known as Coastal Academy, will occupy 18,587 sf in the 23,000-sf project, according to the terms of its ten-year lease. It plans to move into its new space by September 15, 2003. The agreement is valued at $3.8 million.
Located at 4183 Avenida De La Plata in the Rancho del Oro business park, the CornerStone development is comprised of solely class A office space. De La Plata officials tout the project as the first office development to be built on spec in Oceanside in more than a decade. Designed by architectural firm LR Design Associates, it is constructed of an exterior tile veneer over structural masonry and steel frame.
Jim Benson and John Walters of Coldwell Banker Commercial – North County Properties represented both parties in the recent transaction.
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