Hines Inks 161 KSF Renewal at CA Industrial Asset

Acushnet Co., a parent company for golf industry brands, signed another 10-year lease at the industrial building in Carlsbad, Calif. CBRE represented the tenant in the lease renewal.

2819 Loker Ave. East, Carlsbad, Calif.
2819 Loker Ave. East, Carlsbad, Calif.

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