Carlsbad CA— CBRE announced that Swift Real Estate Partners acquired a three-project office portfolio in Carlsbad, California from Brandywine Realty Trust for $30,400,000. The portfolio was approximately 65 percent leased at the time of sale.
Located 5963 La Place Court, Carlsbad Airport Plaza is a three-story, 61,578-sqaure-foot office building. Camino West Corporate Park is a two-story, 53,982-square-foot building at 2035 Corte Del Nogal and La Place Court is a two-building, 80,506-square-foot office project located 5900 and 5950 La Place Court.
Louay Alsadek, Hunter Rowe, Andrew Taylor, Roger Carlson and Larry Cambra represented the seller, Brandywine Realty Trust. Swift represented itself. Carlson and Cambra were retained by Swift to handle leasing for Camino West Corporate Park.
“These three projects were a very attractive investment to complement our portfolio and enhance our Southern California holdings,” said Steve Blue, Swift Managing Director of the Southern California region.
The CBRE San Diego team of Alsadek, Rowe and Taylor handled 13 institutional office and industrial sale transactions in 2015 totaling approximately $454 million in combined consideration.