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Cushman & Wakefield Arrange Sale of Three Carlsbad Class A Properties for $131M

Three Carlsbad Class-A Properties Sell for $131M

Cushman & Wakefield has represented Regent Properties in the dispositional sale of a trio of Class-A properties in Carlsbad, CA. The portfolio, which sold for a combined $131 million, consists of ATLAS, an office R&D campus (pictured), along with two single-tenant creative corporate facilities.

“ATLAS’ innovative indoor and outdoor work environment and onsite amenities creates a communal workspace that was designed to support modern business needs, promoting high quality work, employee health and wellness and productivity,” said Vice Chairman Aric Starck, part of the Cushman & Wakefield team that included Senior Associate Drew Dodds. The buyer in the $89 million transaction was Tritower Financial Group.

The two corporate facilities are located on Fermi Court, and were acquired by Menlo Equities for $42 million. “The Fermi Court properties are occupied by two major long-term tenants and feature highly aesthetic modern architectural design inclusive of R&D, creative office and showroom functions,” said Dodds in a news release.

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Cushman & Wakefield Aric StarckDrew DoddsTritower Financial GroupMenlo Equities

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition
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