{"id":347,"date":"2016-06-21T23:12:50","date_gmt":"2016-06-21T23:12:50","guid":{"rendered":"https:\/\/www.lee-associates.com\/sandiegonorth-dev-dev\/?p=347"},"modified":"2021-09-23T09:26:38","modified_gmt":"2021-09-23T16:26:38","slug":"lee-associates-north-san-diego-county-completes-the-7-55-million-sale-of-carlsbad-research-center","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/sandiegonorth\/2016\/06\/21\/lee-associates-north-san-diego-county-completes-the-7-55-million-sale-of-carlsbad-research-center\/","title":{"rendered":"Lee &amp; Associates \u2013 North San Diego County Completes the $7.55 Million Sale of Carlsbad Research Center"},"content":{"rendered":"<p><strong>Carlsbad, Calif.<\/strong>\u2014<strong>June 21, 2016<\/strong>\u2014 Lee &amp; Associates, one of the largest national commercial real estate firms, has completed the $7,550,000 sale of a freestanding multi-tenant industrial building located at 1905 Aston Ave within the Carlsbad Research Center. The high-image R&amp;D\/Bio-Med building features 48,551 square-feet of rentable industrial flex and office space, situated on 3.38 acres of land.<\/p>\n<p>At the time of the sale, the property was approximately 41% leased.<\/p>\n<p>A portion of the building is occupied by Advanced Biologics (also known as Implant Innovations). Advanced Biologics is recognized as a premier \u201cBio-Med\u201d company in North San Diego and is in the process of making the space their primary manufacturing facility.<\/p>\n<p>Garrett Sholer, Vice President of Lee &amp; Associates North San Diego County and Adam Wicker, Senior Vice President of Lee &amp; Associates Irvine, represented the seller, H&amp;M Eagle, LP. The buyer was investor Alvarez &amp; Marshal Capital Real Estate, LLC.<\/p>\n<p>\u201cThe Carlsbad Research Center is the ideal business park setting for a local, regional or national, high-image, high tech or bio-medical operator,\u201d explained Garrett Sholer. \u201cH&amp;M Eagle, LP chose to take advantage of the surging industrial market and sell the property at a peak value.\u201d<\/p>\n<p>Sholer continued, \u201cAdditionally, this was an investment play for the buyer, who will convert the vacant space to high-end creative office space. The property, located just east of the 5 freeway, is within one of the fastest growing commercial sectors in San Diego County. It is 100% HVAC served, and boasts ocean views from the second floor offices.\u201d<\/p>\n<p style=\"text-align: center\"><strong><u>####<\/u><\/strong><\/p>\n<p><strong><u>About Lee &amp; Associates<\/u><\/strong><\/p>\n<p>Celebrating more than 37 years of leadership excellence in commercial real estate, Lee &amp; Associates is the largest broker-owned firm in North America with locations across the U.S. and\u00a0 Canada including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, Vancouver BC and Wisconsin. With more than 800 brokers nationwide, Lee &amp; Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. For the latest news from Lee &amp; Associates, visit <a href=\"https:\/\/www.lee-associates.com\">lee-associates.com<\/a> or follow us on <a href=\"https:\/\/www.facebook.com\/LeeAssociatesCRE\">Facebook<\/a>, <a href=\"https:\/\/www.linkedin.com\/company\/lee-and-associates\">LinkedIn<\/a> and <a href=\"https:\/\/twitter.com\/LeeAssociatesRE\">Twitter.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Carlsbad, Calif.\u2014June 21, 2016\u2014 Lee &amp; Associates, one of the largest national commercial real estate firms, has completed the $7,550,000 sale of a freestanding multi-tenant industrial building located at 1905 Aston Ave within the Carlsbad Research Center. The high-image R&amp;D\/Bio-Med building features 48,551 square-feet of rentable industrial flex and office space, situated on 3.38 acres of land. At the time of the sale, the property was approximately 41% leased. A portion of the building is&#8230;<\/p>\n","protected":false},"author":22,"featured_media":348,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,6],"tags":[36],"class_list":["post-347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-press-releases","tag-garrett-sholer"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.7 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lee &amp; Associates \u2013 North San Diego County Completes the $7.55 Million Sale of Carlsbad Research Center - San Diego North | Lee &amp; Associates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/sandiegonorth\/2016\/06\/21\/lee-associates-north-san-diego-county-completes-the-7-55-million-sale-of-carlsbad-research-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lee &amp; 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