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Tuesday, January 06, 2009 Retail
At $590 per square foot, the Island at Carlsbad brought the hightest price for a comparable retail development in San Diego County in the past two years. Dennis Vaccaro of Faris Lee Investments represented Island Property Partners in the transaction. The acquisition includes 39,982 square feet of retail space within the Island at Carlsbad, which was built in 2000. The two-story retail project is located at 5813 Van Allen Way and is currently leased to tenants including Carl's Jr., U.S. Healthworks, TD Waterhouse, First Future Credit Union, Randstad U.S. and The Islands Oasis Food Court. Earlier this year Faris Lee completed the sale of two other buildings within the park for $5.3 million. The buildings were occupied by U.S. Bank and 7-Eleven. Address: 5814 Van Allen Way, Carlsbad, Calif. Size: 39,982 square feet Built: 2000 Filed Under: Retail E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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