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RAF Pacifica Claims Carlsbad Properties for $36M

Encinitas, CA-based RAF Pacifica Group acquired a pair of assets in Carlsbad, CA for $36.3 million. The separate sales consisted of Avenida Crossing, a newly-renovated 68,392-square-foot creative office campus, and 1905 Aston, a 48,818-square-foot industrial R&D and corporate headquarters facility.

Avenida Crossing was sold by Avenida Encinas, LP for $23.9 million, and 1905 Aston was sold by A&M CapRE Aston, LLC for $12.4 million. Cushman & Wakefield’s Aric Starck represented both sellers in the transactions.

Located at 5993 and 5999 Avenida Encinas, adjacent to San Diego’s Pacific coastline, Avenida Crossing (pictured) consists of two, multi-tenant buildings and was 100% leased at the time of sale.

1905 Aston is located within the Carlsbad Research Center, and was 100% leased to two tenants at the time of sale.

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About Dennis Kaiser

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.

  • ◦Sale/Acquisition
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