Palomar Triad, a distinctive multi-tenant Class A office building in Carlsbad, CA, has sold for more than $9.2 million. The buyer was San Diego-based Performance Wealth Investments II, LLC (PWI), which acquired the asset from 3G Properties, LP.
Originally developed in 1987, the property was extensively renovated in 2013. The three-story building at 2011 Palomar Airport Rd. consists of 46,550 square feet of high-quality office space on 4.87 acres.
Commercial Asset Advisors’ Michael Conger and Brian Jenkins represented the buyer. Cushman & Wakefield’s Mark Avilla Justin Halenza and Michael Mahoney advised the seller. Cushman & Wakefield’s Steve Hildebrand and Ian Bradley served as financial advisors.
Avilla says, “Palomar Triad is prominently located along Carlsbad’s main thoroughfare, and presented a remarkable value-add investment opportunity in one of the region’s most trending areas. The property was nearly 80% leased at the time of sale to a diverse tenant roster providing substantial cash flow and well-balanced rollover.”
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 including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator.
Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements.
Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.
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