SAN DIEGO—DTZ has completed the sale of the 133,079 square foot Carlsbad Executive Plaza by Brookwood Financial to TA Associates for $23.9 million.
DTZ's San Diego Capital Markets team of Rick Reeder, Brad Tecca and Ben Schwartz represented TA Associates and Brookwood Financial Partners in the transaction. DTZ's San Diego Capital Markets team has sold more than 1.1 million square feet of commercial property in the submarket during the last 12 months.
“Carlsbad is of great interest to both developers and tenants. We received numerous offers on the property by some of the most recognizable investment firms in the US,” Reeder said. “Our ability to facilitate complex deals is due in large part to our unique mix of local market expertise alongside the availability to leverage global financial resources. That means we can put together mutually beneficial deals in nearly every situation. We're proud to have done the same here.”
Prominently situated on 9.5 acres along Palomar Airport Road, the Carlsbad Executive Plaza encompasses four multi-tenant, class A office buildings. The complex is within a desirable business environment with striking building designs, high-end finishes, flexible floor plates that accommodate a variety of tenant uses, meticulous landscaping centered on a tranquil water feature and abundant surface parking. As part of the master-planned Carlsbad Airport Business Centre, the Carlsbad Executive Plaza is adjacent to the McClellan-Palomar Airport and provides tenants with a prestigious address among some of the nation's most prominent manufacturing and technology companies, as well as convenient access to Interstate 5 and proximity to San Diego's largest base of executive housing.
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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.
