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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.
- ◦Sale/Acquisition


