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California   /   August 9, 2016

Dennis Kaiser
By: Dennis Kaiser

Kilroy Disposes of Carlsbad Land, Now Planned for Industrial Campus

San Diego-based Badiee Development acquired two land parcels in Carlsbad, CA totaling 8.4 acres for $6 million from Los Angeles-based Kilroy Realty Corp. The company plans to develop Carlsbad Oaks Innovation Park, a $21-million speculative “flex” campus.

The two-building Class A project will include 102,937 square feet of office and industrial space. The site is within the larger Carlsbad Oaks North Business Park, a master-planned development off Whiptail Loop, near Faraday Ave.

A first quarter 2017 ground breaking is planned, with completion slated for the fourth quarter of 2017.

Colliers International’s Tucker Hohenstein and Mike Erwin represented both the buyer and seller.

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Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience.
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