REBusinessOnline

MERCEDES-BENZ ACQUIRES 34,799-SQUARE-FOOT R&D BUILDING

CARLSBAD, CALIF. — Mercedes-Benz Research & Development has acquired a 34,799-square-foot research and development (R&D) facility in Carlsbad. Located at 2250 Rutherford Rd., the property sold for $6.9 million. The buyer plans to relocate its Irvine, Calif.-based Advanced Design Studio to the new location this month. Currently, Mercedes-Benz Research & Development has three other design studios in Japan, Italy and Germany. David Crabb, Herb Hafter, Jeff Babikian and Roger Carlson of CB Richard Ellis represented the buyer; UL Equis represented the seller, Chrysler LLC, in the transaction.

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