Aric Starck and Rick Reeder of Cassidy Turley represented the seller of the Deal of the Week. The buyer represented itself.
The deal was the sale of the 161,310-square-foot manufacturing/R&D building at 2819 Loker Avenue East in Carlsbad for $23.35 million, cash.
The buyer was HGREIT II 2819 Loker LP, a limited partnership, c/o Hines Interests Limited Partnership.
The seller was Canoga-Rincon Loker Industrial LLC, which included J.P. Morgan Investment Management Inc.
Acushnet Co., the sole tenant of the property for more than 15 years, recently extended its lease through July 31, 2019. The golf-related company consists of the Titleist, FootJoy, Pinnacle and Scotty Cameron brands.
The building was constructed in 1998 on 10.44 acres.