PACIFIC DEVELOPMENT PARTNERS TAKES 85,000-SQUARE-FOOT BUILDING

CARLSBAD, CALIF. — Santa Monica, Calif.-based Pacific Development Partners LLC has acquired a three-story, 85,000-square-foot mixed-use building, which is located at 1265 Laurel Tree Lane in Carlsbad, for $29.9 million. Developed by Biltmore Holdings, the facility is currently 100 percent leased by 24-Hour Fitness. Bill Barnett, Doug Hogan and Greg Lewis of Burnham Real Estate•ONCOR International represented the buyer in the transaction; the seller, Ascent-Biltmore Carlsbad LLC, was self-represented.