"We are proud to continue our relationship with Palomar Technologies, a thriving high-tech company," says Kevin Hill, vice president of leasing with H.G. Fenton Co., owner of the property. Financial terms were not disclosed.
"Our diligence to exceed tenant expectations through acute attention to meeting their changing needs results in long-standing tenant relationships and continues H.G. Fenton Co.'s tradition of quality service," Hill adds. Carlsbad Crossroads, a 10-building, 175,600-square-foot R&D park, is set on 12 acres, and is just minutes from Palomar Airport Road. The park is now 97% leased. Additional tenants include Noven Pharmaceuticals, Sensient Imaging Technologies and Project Walk.
In the transaction, Palomar Technologies was represented by Glenn Friedrich of CresaPartners. H.G. Fenton was represented by Dennis Visser of Grubb & Ellis.
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