First Industrial Spec Building Since 2009 in North County

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Carlsbad, Calif. (May 12, 2015) – For the first time in 6 years, a spec-built industrial building will be completed in North County this September, a sure sign of the healthy industrial real estate market in that region. Located at The Carlsbad Raceway Business Center, a state of the art 80,000+ square foot manufacturing and distribution center is being developed by Burke Real Estate Group, a local southern California development firm.

Bob Willingham, SIOR and Ron King, SIOR, senior vice presidents with Kidder Mathews’ Del Mar office are marketing the building for lease. “There is such low vacancy in the industrial product sector overall, specifically less than 5% vacancy in manufacturing and distribution buildings in San Diego County, that it now makes sense for our client to build on a speculative basis,” said Willingham.

Some of the unique features include 28-foot clear height, whereas most buildings in San Diego area are 24 feet clear or less, heavy power to accommodate the growing demand from manufacturing users, ESFR fire sprinklers, dock high and grade level loading, and less than 5% mezzanine. The office areas are being developed with the much in demand creative/modern look including indoor/outdoor employee break areas. The project is located at 3200 Lionshead Avenue, Carlsbad, California.
Miller Contracting Company is the general contractor.

About Kidder Mathews
Kidder Mathews is one of the largest independently owned commercial real estate firms on the West Coast, with over 500 real estate professionals and staff in 10 offices in Washington, Oregon, and California. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, sustainability, and project and construction management services for all property types. The firm performs $3.2 billion transactions, manages 30 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit www.kiddermathews.com

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