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California  + San Diego  + Industrial  | 

IDEC Acquires Carlsbad Industrial/Flex Building for $50M

Cushman & Wakefield advised Hill Companies, LLC, a Greenwood Village, CO-based investment firm, in the disposition of Studio 2200, a Class A 233,194-square-foot freestanding industrial/flex building in Carlsbad. The buyer was IDEC Corporation, a leading manufacturer of industrial automation and control products worldwide, which purchased the two-story property located at 2200 Faraday Ave. for $49.5 million.

IDEC, which is relocating its existing operation from Silicon Valley, plans to occupy a majority of the Carlsbad facility, while continuing to lease out a portion of the space to the building’s existing tenants.  

Cushman & Wakefield’s Aric Starck and Drew Dodds represented the seller in the transaction. Cushman & Wakefield’s Peter Curry and CBRE’s Dennis Visser and Weston Yahn represented the buyer.

““The benefits of this prime location within the highly sought-after Carlsbad Research Center, also home to many other major companies, truly make for an ideal corporate site,” said Starck.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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