Buyer found for Opus Point Flex buildings

Additional 160,000 square feet planned at site
Published on Jan 24, 2008

Developer Opus West Corp. recently announced the sale of two buildings in separate deals at Opus Point Flex, the six-building, R&D/flex portion of the Opus Point project in Carlsbad, Calif. The total sale was valued at approximately $7.7 million. In the first transaction, TMAX Gear purchased the 27,068-square-foot building located at 3182 Lionshead Ave. for nearly $4.4 million. In the second transaction, RQ Construction Holdings LLC purchased the 20,557-square-foot building located at 3194 Lionshead Ave. for nearly $3.3 million. With these recent sales, three of the six buildings at Opus Point Flex, which was completed in the spring of 2007, have now been sold. Phase 2 of Opus Point Flex is expected to begin in February 2008, and will encompass approximately 160,000 square feet of speculative industrial and R&D facilities. Upon completion, the entire Opus Point development is anticipated to include approximately 622,000 square feet of office, R&D and industri...

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