Carlsbad R&D Growth
Denali California Faraday Industrial, an entity of Lincoln Property Co, purchased the 150k SF 2081 Faraday Ave in Carlsbad for $21M. The building, located in the Carlsbad Research Center, is fully occupied by SKLZ, which specializes in sports products, and uses the building as its HQ and sports equipment testing facility. Lincoln Property Co SVP and San Diego regional partner Brig Black tells us Lincoln likes the property because of its tenancy, but also because it’s highly visible in Carlsbad.
Carlsbad’s not only an up-and-coming area for R&D facilities (especially life sciences, which employs about 7,000 people in the area), but also communication and sports apparel firms. Other companies in the area include Iris Pharmaceuticals, Cancer Vax Corp, Bio-Hydration Research Lab, and Callaway Golf. Lincoln bought 2081 Faraday from Biodec LLC general partner Ken Satterlee. Cassidy Turley’s Aric Stark repped Lincoln in the deal.