Regent Properties Buys Carlsbad Office Building; Legacy Signs AltheaDx to Torrey Pines HQ

A Carlsbad office property traded hands recently when Regent Properties paid a fee of approximately $16 million for Atlas at Carlsbad. Meanwhile, a Torrey Pines HQ office building secured its tenant as AltheaDx inked an agreement for around 70,000 square feet at the recently renovated facility.

By Alex Girda, Associate Editor

In a $16 million deal, Regent Properties recently acquired Atlas at Carlsbad, a 246,00-square-foot office property located north of Palomar Airport Road and west of Melrose Drive at 5909 Sea Otter Place. Regent Properties acquired the property from W.P. Carey Inc.with the help of Cassidy Turley Managing Directors Dennis Visser and Aric Starck. The latter also represented the seller.

The new owner has reportedly lined up a number of improvements and modifications for the property. Regent Properties will focus on renovating the interior, but will also add new landscaping, additional parking spaces and other site work, reports.

Meanwhile, Torrey Riidge Science Center in Torrey Pines (pictured at right) signed AltheaDx to a 70,000 square feet at the recently renovated facility. The healthcare company was represented by Cushman & Wakefield’ Inc.’s Ted Jacobs, Brent Jacobs and Greg Bisconti while landlord Legacy Partners worked with Rich Danesi and Ryan Egli of CBRE Group Inc.’s life sciences group. Terms were not made available.

Torrey Ridge Science Center will become the home of AltheaDx once the company moves from its current Sorrento Valley locatiion at the beginning of next year. The property offers a full-service cafeteria with indoor/outdoor dining, conference and training facilities, a fitness center and nearby walking trails with exercise stations.

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