{"id":1004188992,"date":"2017-08-30T05:24:50","date_gmt":"2017-08-30T13:24:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004188992"},"modified":"2022-12-07T06:04:43","modified_gmt":"2022-12-07T14:04:43","slug":"raf-pacifica-to-develop-carlsbad-distribution-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-to-develop-carlsbad-distribution-facility\/","title":{"rendered":"RAF Pacifica to Develop Carlsbad Distribution Facility"},"content":{"rendered":"<p>By Ariela Moraru\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<div id=\"attachment_1004188993\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Lot-7-Carlsbad-Calif..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004188993\" data-attachment-id=\"1004188993\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-to-develop-carlsbad-distribution-facility\/lot-7-carlsbad-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Lot-7-Carlsbad-Calif..jpg\" data-orig-size=\"1167,895\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Ariela Moraru&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1504090139&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Lot 7, Carlsbad, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Lot 7, Carlsbad, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Lot-7-Carlsbad-Calif..jpg?w=1024\" class=\"wp-image-1004188993 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Lot-7-Carlsbad-Calif..jpg\" alt=\"Lot 7, Carlsbad, Calif.\" width=\"300\" height=\"230\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Lot-7-Carlsbad-Calif..jpg 1167w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Lot-7-Carlsbad-Calif..jpg?resize=300,230 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Lot-7-Carlsbad-Calif..jpg?resize=768,589 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Lot-7-Carlsbad-Calif..jpg?resize=1024,785 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004188993\" class=\"wp-caption-text\">Lot 7, Carlsbad, Calif.<\/p><\/div>\n<p>RAF Pacifica Group Inc. will develop\u00a0an 83,000-square-foot, build-to-suit distribution facility in Carlsbad, Calif., for San Diego Hat Co. TFW Construction will serve as the general contractor for the Class A project, which is slated for completion in the second quarter of 2018.<\/p>\n<p>The fashion accessory company acquired the 7.6-acre parcel located at Lot 7, Whiptail Loop East, from Hughes Whiptail LLC for $5.9 million. RAF Pacifica Group assigned the land ownership rights over to San Diego Hat Co. during its own initial escrow process.<\/p>\n<p>The new distribution facility will include 10,000 square feet of office and mezzanine space on the first floor, six dock loading doors and 28-foot clear height. Other amenities will include shaded sitting and eating spaces, as well as panoramic views.\u00a0<\/p>\n<p>Aric Starck, executive managing director in Cushman &amp; Wakefield\u2019s Carlsbad office, represented RAF Pacifica Group in all real estate negotiations affiliated with this site. Rich Porreco and Glenn Friedrich of Cresa worked on behalf of the San Diego Hat Co.<\/p>\n<h2>Carlsbad submarket<\/h2>\n<p>RAF Pacifica Group\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/raf-kicks-off-110m-spec-industrial-projects\/\">industrial developments in Carlsbad<\/a> total more than 750,000 square feet of Class A creative industrial space, and are slated for completion during or prior to 2018. These projects include:<\/p>\n<ul>\n<li>cre\u2022ate (146,108 square feet)<\/li>\n<li>vec\u2022tor (171,098 square feet)<\/li>\n<li>el\u2022e\u2022vate (156,977 square feet, nearing completion and 80 percent pre-leased)<\/li>\n<li>dis\u2022trib\u2022ute (277,410 square feet)<\/li>\n<\/ul>\n<p>The Carlsbad industrial submarket had a total vacancy of 8.3 percent, nearly double the rate for North County at 4.4 percent and a $1.11 average asking rate in the second quarter, according to a Colliers report. Colliers is handling the leasing for the first three properties in this creative industrial portfolio, while Cushman &amp; Wakefield represents the fourth.<\/p>\n<p><em>Image courtesy of RAF Pacifica Group <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Class A project for San Diego Hat Co. is slated for completion in the second quarter of 2018. The developer has more than 750,000 square feet of Class A industrial creative space under construction in this submarket.<\/p>\n","protected":false},"author":960,"featured_media":1004188993,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,1608,15],"tags":[32763,34279,34896,32825,36779],"class_list":["post-1004188992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-san-diego","category-west","tag-colliers-international","tag-cresa","tag-cushman-wakefield","tag-raf-pacifica-group","tag-tfw-construction"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RAF Pacifica to Develop Carlsbad Distribution Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-to-develop-carlsbad-distribution-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RAF Pacifica to Develop Carlsbad Distribution Facility\" \/>\n<meta property=\"og:description\" content=\"The Class A project for San Diego Hat Co. is slated for completion in the second quarter of 2018. The developer has more than 750,000 square feet of Class A industrial creative space under construction in this submarket.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-to-develop-carlsbad-distribution-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-30T13:24:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T14:04:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Lot-7-Carlsbad-Calif..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1167\" \/>\n\t<meta property=\"og:image:height\" content=\"895\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ariela Moraru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-to-develop-carlsbad-distribution-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-to-develop-carlsbad-distribution-facility\/\",\"name\":\"RAF Pacifica to Develop Carlsbad Distribution Facility - 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