Cassidy Turley has reported that Los Angeles-based commercial real estate company has acquired the Fairway Corporate Center, at 5540 and 5541 Fermi Court in Carlsbad for $23.55 million. The Class A office project consists of two buildings, including the corporate headquarters of TaylorMade Golf Company.
Aric Starck, managing director with Cassidy Turley represented the buyer and the seller.
The entire project consists of approximately 115,414 square feet and is 70% leased. TaylorMade-adidas Golf occupies 5540 Fermi Court in its entirety and serves as its corporate headquarters. 5541 Fermi Court is also occupied by TaylorMade as well as an insurance company. Built in 1999, Fairway Corporate Center is located in Carlsbad Research Center, a master-planned business community that is home to some of the nation's most prominent manufacturing and technology companies.
"Carlsbad continues to be an attractive market for value add buyers," said Starck. "Buildings can still be purchased for below reproduction costs in a market with great fundamentals."
A Phoenix-based real estate services and investment firm has announced the purchase of Palomar Place, the 15,317-square-foot shopping center at 961 and 965 Palomar Airport Road across the street from LEGOLAND California Resort for $15 million.
It is home to several Chamber members, including Burger Lounge, Nothing Bundt Cakes and Wells Fargo.
Aric Starck, managing director with Cassidy Turley represented the buyer and the seller.
The entire project consists of approximately 115,414 square feet and is 70% leased. TaylorMade-adidas Golf occupies 5540 Fermi Court in its entirety and serves as its corporate headquarters. 5541 Fermi Court is also occupied by TaylorMade as well as an insurance company. Built in 1999, Fairway Corporate Center is located in Carlsbad Research Center, a master-planned business community that is home to some of the nation's most prominent manufacturing and technology companies.
"Carlsbad continues to be an attractive market for value add buyers," said Starck. "Buildings can still be purchased for below reproduction costs in a market with great fundamentals."
A Phoenix-based real estate services and investment firm has announced the purchase of Palomar Place, the 15,317-square-foot shopping center at 961 and 965 Palomar Airport Road across the street from LEGOLAND California Resort for $15 million.
It is home to several Chamber members, including Burger Lounge, Nothing Bundt Cakes and Wells Fargo.