Hines Inks 161 KSF Renewal at CA Industrial Asset
- Feb 06, 2018
Hines has completed a 10-year lease renewal for Acushnet Co. to occupy 161,310 square feet at its Class A industrial location in Carlsbad, Calif. The parent company for gold industry brands has been a tenant at 2819 Loker Ave. East since 1999 and has been the sole tenant since 2004.
Hines acquired the building in 2014 through a fund that it manages. As part of the lease agreement, the company will build out a 5,000-square-foot mezzanine to expand the current square footage to 166,000. The property offers close access to the main parkway, the 5 Freeway and Palomar Airport Road.
Roger Carlson and Lannie Allee of CBRE represented Acushnet in the lease renewal, while Aric Starck of Cushman & Wakefield represented Hines.
Last week, McKesson Corp. has signed a full-building lease for 125,000 square feet at Hines’ 105-acre Southside Quarter development in Jacksonville, Fla.
Image courtesy of Hines