CARLSBAD, CA—Cassidy Turley has inked threesignificant lease renewals in Regent Properties'Studio 2200, a 229,694 square foot class A officebuilding located in the heart of Carlsbad at 2200 FaradayAvenue.

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The transactions, which include leases ranging fromeight to 10 years, have a total value of$28 million and represent 130,000 squarefeet, or more than half of the building. The tenants areNetgear, Rockstar Games and CatalinaRestaurant Group.

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“Studio 2200 is Carlsbad's premier, high image corporateheadquarters location,” said Aric Starck, managingdirector with Cassidy Turley and the building's leasing agent.“Regent Properties acquired the project in 2013 for $40.4million and has completed extensive renovations that makeit a dynamic setting for designers, creative firms, softwarecompanies and corporate users.”

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In the largest of the three leases, Netgear, a global networkingcompany that delivers innovative IT products to consumers,businesses and service providers, signed a 10-year, $10.9million lease renewal for 52,789 squarefeet through November 2023. Starck represented RegentProperties. Netgear was represented by MikeCoursen of Cornish & Carey Commercial NewmarkKnight Frank.

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Rockstar Games, a tenant in Studio 2200 since 2005, expanded itsspace to 52,726 square feet and signed a $12.6million lease renewal for an additional eight years, throughApril 2022. The company creates and produces theworld renowned Grand Theft Auto series andMax Payne for video game consoles. With Starckrepresenting Regent Properties, Rockstar Games was represented byScot Ginsburg of Hughes Marino.

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Catalina Restaurant Group, the parent company of Coco's andCarrows restaurants, signed a $4.7 million renewalfor its 21,782 square foot space for an additional nine years,through July 2023. The space, which serves as its corporateheadquarters, also houses a test kitchen for new culinary delights.Regent Properties was represented by Mr. Starck, while CatalinaRestaurant Group was represented by Scot Ginsburg andTravis Carter of Hughes Marino.

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“We at Regent Properties are proud to be part of Carlsbad'seconomic resurgence and continued growth,” said MatthewBenbassat, senior vice president of acquisitions andmanagement with Regent Properties. “We believe Studio 2200 is agreat example of both our strategy and faith in San Diego Countyoverall and in Carlsbad in particular, where strong business growthis driving a steady increase in demand.”

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.