New 50,150-square foot, Class A adaptive flex industrial building helps meet tenant demand; Colliers International secures Zense, The Berg Group and other tenants upon completion of construction
Carlsbad CA— Badiee Development has just completed construction of Carlsbad Innovate, a 50,150 square foot adaptive flex industrial building located at 2810 Caribou Court, Carlsbad, CA in the Carlsbad Oaks North Business Park.
“Carlsbad Innovate provides contemporary and innovative flex industrial space to meet strong tenant demand in North San Diego County,” said Scott Merry, Vice President of Construction at Badiee Development. “Colliers International’s team helped attract high-quality tenants for Carlsbad Innovate and was able to lease the building up to 70% occupancy following recent completion of construction.”
Colliers International’s Conor Boyle, Ted Cuthbert and Tyler Stemley represented Badiee Development in leasing the building to 70% occupancy. Approximately 15,558 square feet of space is currently available for lease at Carlsbad Innovate with representation by Colliers International.
Zense, an innovator in diabetic predictive health solutions, was the first tenant to call Carlsbad Innovate home, leasing approximately 15,000 square feet. Soon after, an international conglomerate signed a lease for approximately 14,000 square feet to make Carlsbad Innovate its new North American headquarters. Most recently, The Berg Group, a commercial drywall contractor with headquarters in Minnesota and offices in Arizona, California, Florida and Montana, signed on to occupy 6,650 square feet.
Carlsbad Innovate offers leading-edge architectural layouts, energy-efficient lighting and appliances, polished concrete floors, and high-image creative office finishes with large-scale open spaces in a climate-controlled building. The building’s design allows for plenty of natural light throughout, including fourteen glass grade-level roll-up doors. Tenants can also enjoy outdoor seating with panoramic hilltop and coastal views that create an environment where work/life balance is a priority.
“Carlsbad Innovate’s commanding location, contemporary finishes and adaptive flex design make it an attractive opportunity for companies who are looking for a high-image corporate headquarters space for a wide variety of business types,” said Conor Boyle, a Vice President at Colliers International. “From medical device and biotech companies to apparel, technology, manufacturing and general contractors, employers are seeing the value in a workplace that engages employees and makes them feel valued and connected.”
Badiee Development is thriving, with three new industrial projects in its pipeline: a 167,106 square foot building in North Las Vegas, anticipated to deliver Q2 2021 and two projects in Otay Mesa, a 247,480 square foot building anticipated to deliver Q3 2021 and two additional buildings totaling 234,520 square feet, anticipated to deliver Q1 2022. Additionally, a few other projects in Salt Lake City are currently under entitlement. Badiee Development is also involved in a joint venture to build a 114,000 square foot self-storage facility in Carlsbad, which is currently under construction