SENTRE Acquires Carlsbad Industrial Long-Term Leased to Glanbia Nutritionals

CBRE facilitated the $26.6-million sale and financing of 2840 Loker Ave. East, a 104,298-square-foot industrial property in Carlsbad. CBRE’s Hunter Rowe, Michael Longo, Barbara Perrier and Matt Carlson represented the ownership, Bixby Capital Management and LaSalle Investment Management..

SENTRE purchased the property. The firm has completed more than $350 million in recent industrial investments across the Western U.S. CBRE’s Scott Peterson and Michael Kolcum secured financing for the buyer. Leasing advisory services were provided by CBRE’s Roger Carlson, Dennis Visser and Blake Wilson.

The property is located within Carlsbad Technology Center and is 100% leased to Glanbia Nutritionals, a global nutrition and performance products company. The building has served as a key operational and logistics hub for Glanbia since 2001.

“Investor demand and liquidity remain robust for mission-critical and advanced manufacturing industrial assets such as this one,” said Rowe. “The asset’s prime Carlsbad location, longstanding occupancy by Glanbia Nutritionals and strong underlying real estate fundamentals generated significant investor interest.”

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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).

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