TA Associates bought Carlsbad Executive Plaza from RREEF, a full-service real estate investment advisor, for $34.3 million, the largest amount paid for a Carlsbad, Calif. office project.

 

The executive plaza is a 133,414-square-foot, Class A multi-tenant office project at 2111-2141 Palomar Airport Road.

 

The project has four buildings, each three stories built on 9.5 acres of land across from the entrance to McClellan Palomar Airport and only minutes from a major highway. It is currently 90 percent leased to over 50 tenants in suites ranging in size from approximately 500 to 11,800 square feet.

 

The project’s exterior common areas include a Japanese Garden with waterfall and koi pond for which it was awarded the Landscape Beautification Award for San Diego County in 2004. Other features include an on-site gourmet deli, on-site management and shower facilities. In 2005, the project was nominated for the Building of the Year award and in years past received the “Golden Tower Award” from the Building Industry Association.

 

Grubb & Ellis

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription