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RAF Pacifica Proposes 50,000-SF Creative Office Space in Carlsbad

4.4 Acre Land Parcel Sold for $4.8M
October 27, 2016
RAF Pacifica Group, Inc. has proposed a new creative office project called In•sti•gate, a 50,000-square-foot office campus at the intersection of Palomar Airport Rd. and Innovation Way in Carlsbad, CA.

The project would feature rooftop decks, resort-style facilities, an on-site fitness center, restaurants and indoor/outdoor meeting areas. It is tentatively planned to break ground in August 2017. Aric Starck of Cushman & Wakefield in Carlsbad has been retained by RAF to handle leasing there.

CM Management Services, Inc. sold the 4.43-acre land parcel, Lot 23 on Innovation Way, last month for $4.82 million, or more than $1 million per acre, to RAF.

Starck brokered both sides of the land sale as well. For further information on this transaction, please see CoStar COMPS #3720474.
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