14 September 2016
San Diego
Reporter: Shirley Fehr Rodriguez

Winning weekend for RAF Pacifica

RAF Pacifica Group has purchased a $10 million building in San Diego and secured a lease on it in the same weekend.

The class-A corporate headquarters is in the Carlsbad Research Center, and comprises a total of 65,310 square feet in office and warehouse space.

A 12-year lease has been secured for 100 percent of the property, with Ostendo Technologies.

Adam Robinson, principal of RAF Pacifica Group, said: “This acquisition is a testament to our ability to move extremely quickly while making deals that make sense.”

He added: “We are bullish on Carlsbad because of the tremendous growth in the tech and biotech industries.”

Robinson added: “This property’s ideal location, extensive glass, outdoor views, and modern aesthetic make it uniquely positioned to deliver long-term value for a tech company such as Ostendo.”

Aric Starck and Dennis Visser of Cushman & Wakefield represented RAF Pacific Group; Roger Carlson and Adam Molnar of CBRE represented the seller, Blackmore Company. The financing for the transaction was arranged by James Ruiz and Lori Wendel of Keystone Mortgage.

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