(To read more on the industrial market, click here.)

OCEANSIDE, CA-The 26.5-acre Seagate Corporate Center has been purchased by New York-based Rockefeller Group Development Corporation (RGDC) for an undisclosed amount. The business center will eventually be composed of 12 industrial and four office buildings, totaling 376,685 rentable sf.

RDGC, represented by Ron King, SIOR, and David Onosko of Coldwell Banker Commercial, will construct the business park in two phases. Phase one, which is currently under construction, will total more than 205,000 rentable sf on 13.5 acres. Phase two, which is still undeveloped, will include the remaining 13 acres and 171,000 sf.

Construction on Seagate Corporate Center, which is located on Rancho Del Oro Drive, is slated for completion in 2009. When finished, Seagate will consist of for-lease office suites, industrial condominiums and other freestanding buildings that will be able to accommodate office, industrial, R&D or corporate headquarter facilities on a built-to-suit basis.

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