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H.G. Fenton Co. Adds Carlsbad Asset to Portfolio

CARLSBAD, CA-The firm shells out $15.3 million for the property, which is the fifth Carlsbad business park to be added to H.G. Fenton Co.'s portfolio. Completed in 2001, the industrial asset encompasses 73,480 sf.

By Erin Cassin | Updated on October 23, 2003

CARLSBAD-San Diego-based real estate firm H.G. Fenton Co. continues to expand its presence in Carlsbad, having recently picked up the Carlsbad Corporate Center business park and an adjacent 8.27-acre parcel in a deal valued at $15.3 million.

Located on a 9.44-acre site at 5818 El Camino Real, the circa 2001 industrial asset encompasses a total of 150,173 sf. It is comprised of two facilities – a 73,480-sf building leased to K2 Sports and a 76,693-sf property that currently stands vacant. Mark Emerick and Dennis Visser of BRE Commercial/NAI are coordinating leasing efforts at the latter mentioned facility, which can accommodate tenants with space requirements varying from 25,000 sf to 76,693 sf.

“There is a diminishing supply of this product in the Carlsbad market and no new construction to complete in the new term,” says H.G. Fenton’s leasing director Kevin Hill. “We chose this project for its outstanding location in what continues to be a very desirable North County industrial market.” The asset is located near the intersection of Faraday Avenue, just three miles east of the I-5 freeway and north of Palomar Airport Road.

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