CARLSBAD, CA-In its third major San Diego County acquisition in six months, BBL Commercial Real Estate has acquired Ocean Terrace Corporate Center, a four-building, class A office park located in Carlsbad. The seller of the project, which totals 177,149 square feet, was Regent Properties.
“Ocean Terrace Corporate Center is a Class A asset situated on a prominent, ocean-view site at the gateway to Carlsbad Ranch, one of North County's most desirable master-planned business locations,” said Casey Brown, president of BBL Inc., a San Diego-based commercial real estate investment firm. “The campus is located in the heart of a dynamic area that is seeing renewed, sustainable demand for office space and has limited existing inventory and new development to meet that demand.”
The purchase price was not disclosed.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
