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Deal of the Week - Sale

Carlsbad building on Palomar Oaks sold

The Deal of the Week seller was represented by Tucker Hohenstein, Chris Williams and Mike Erwin, of Colliers International.

Bill Driscoll, of Ashcraft Investment Company, represented the buyer.

The deal was the sale of the 47,437-square-foot office building at 1959 Palomar Oaks Way in Carlsbad for $5,093,070, cash.

The buyer was 1959 Palomar Oaks L.P., of Vista, care of Arthur R. Barter. The seller of the was TRS Palomar Oaks LLC, with Hathaway Ventures Inc. as the sole member.

Barter is owner of Datron World Communications, a producer of tactical and public safety communications products.

Datron plans to occupy a portion of the building for its own professional space and lease out the remaining balance.

The three-story building is located in Carlsbad's Palomar Tech Oaks Park.

The Class B office property underwent extensive interior and exterior renovations under the seller's ownership.

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