Cushman & Wakefield Cushman & Wakefield has represented RPG as the landlord in lease negotiations for three Class A properties totaling 141,779 square feet of industrial, manufacturing and flex R&D space in North County, San Diego.
The largest of the transactions consisted of a leading Aerospace Manufacturing Company fully leasing a 64,500-square-foot Class A industrial building at 1812 Aston Avenue in the city of Carlsbad. The freestanding property comprises a mix of warehouse, office and mezzanine space with private amenities, dock and grade loading, 24’ clear height, skylights, and ample power. The building is in the heart of the Carlsbad Research Center. Cushman & Wakefield’s Joe Crotty, Conor Boyle, and Tyler Stemley represented the tenant.
These leases reflect the desirability and demand from companies wanting to be in San Diego’s dynamic northern region for myriad reasons, from its extremely attractive outdoor coastal environment, robust amenities and strong talent base.
The next most notable lease was an Electric Vehicle Manufacturer fully leasing a 59,828-square-foot Class A industrial building at 3280 Corporate View in the city of Vista. The freestanding site includes a high image office supported by an open warehouse ideal for production and manufacturing featuring dock and grade level loading, drive around access, 24’ clear height, and heavy power. Cushman & Wakefield’s Brant Aberg represented the tenant.
The third lease was a national Surf-Culture and Clothing and Surfboard Brand that leased a 17,451-square-foot Class A building at 2330 Faraday Avenue in Carlsbad. Part of a two-building campus, the property consists of open floor plates with creative office buildouts featuring floor-to-ceiling glass lines, open ceilings and flex and R&D space. The campus includes unique amenities such as a thoughtful decorative paseo accessed by glass roll-up doors allowing for indoor-outdoor workflow, an outdoor barbecue area and crushed seashell bocce ball court. The property is in the heart of the Carlsbad Research Center. Cushman & Wakefield’s Andy Ewald and Peter Curry represented the tenant.
Cushman & Wakefield Executive Vice-Chair Aric Starck and Senior Director Drew Dodds represented RPG in its capacity as the landlord in all three transactions. He tells FM Magazine: “We are thrilled to welcome this trio of exceptional tenants and brands, all of which, were new tenant entries to their respective markets, drawn to facilities owned by RPG that feature excellent corporate headquarters locations with high-image and well thought out improvements.
“Each of these unique projects are prominently located and offer wide appeal to a variety of tenants due to their flexible design and function, amenitized environments plus their strategic locations in a remarkable North County coastal area embracing live work and play. The properties also provide convenient access connecting across all Southern California including major markets San Diego, Los Angeles and Orange County.”
The North County location places the properties in close proximity of I-5 and SR-78/I-15. They are also near premier retail/shopping amenities, hotels and resorts, golf courses, residential neighborhoods, as well as surrounded by many other major corporate industrial, manufacturing and tech companies in the area.
Dodds adds: “These leases reflect the desirability and demand from companies wanting to be in San Diego’s dynamic northern region for myriad reasons, from its extremely attractive outdoor coastal environment, robust amenities and strong talent base.
“These leases are also near the size segment (20K-50K SF) where we have seen and continue to expect tenant demand to remain strongest.”
According to research from Cushman & Wakefield, vacancy rates in the San Diego’s North County industrial market remained near historical lows at 6.4 per cent in the first quarter of 2025.
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