Search
 

K2 Relocating to Carlsbad Corporate Center

CARLSBAD, CA-The consumer products company that specializes in sporting goods inks a $13-million, 132-month lease to occupy the Carlsbad Corporate Center building located at 5818 El Camino Real.

By Erin Cassin | Updated on September 16, 2004

CARLSBAD, CA-K2 Inc., the consumer products company that specializes in sporting goods, has inked a $13-million, 132-month lease with HG Fenton to occupy a 76,693-sf facility located in Carlsbad Corporate Center. The building will serve as the new corporate headquarters for K2, which is currently located at 2051 Palomar Airport Rd. here.K2 is planning to move into the HG Fenton facility this upcoming February, according to Mark Emerick of Grubb & Ellis/BRE Commercial, who worked on the recent transaction. Located at 5818 El Camino Real, the building is one of two facilities that comprise Carlsbad Corporate Center. The complex’s other property, which encompasses 73,480 sf, is currently 100% occupied by sole tenant Earth Products, which is a division of K2. Thus, the deal has “provided K2 with the ability to do a corporate campus and in a high-profile location,” Emerick tells GlobeSt.com. “This gave them single-tenant identity, in addition to the corporate campus feel.” Emerick, along with Grubb & Ellis/BRE colleagues Dennis Visser and Aric Stark, were responsible for the marketing of the Carlsbad Corporate Center facility on behalf of HG Fenton. At the same time, Emerick was in negotiations for an expansion of K2′s Palomar Airport Road location. “As time wore on and K2′s requirements grew, this building [at Carlsbad Corporate Center] became a better option for K2, as opposed to staying in their existing headquarters,” Emerick tells GlobeSt.com. “This just became a more attractive option, from the standpoint of identity, economics, image and location.” In the recent transaction, K2 was represented by Emerick. HG Fenton was represented by Emerick, Visser and Stark.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.