Research Center Plaza in Carlsbad Sells for $9.5M

by Nellie Day

CARLSBAD, CALIF. – Research Center Plaza, an 81,118-square-foot R&D/office campus in Carlsbad, has sold to a joint venture between Lincoln Property Company and Artemis Real Estate Partners for $9.5 million. The property is located at 2232, 2234 and 2236 Rutherford Road. It was 75 percent leased. The JV plans to upgrade the exterior and interior spaces of the project, creating office lofts with collaborative features, open ceilings and enhanced natural lighting. The JV represented itself in this transaction, while the sellers, RCP Funding Corp. and Shmael Carlsbad Investors LLC, were represented by Rick Reader and Brian Driscoll of Cassidy Turley.

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