Stos Partners has acquired a multi-tenant R&D/office property in Carlsbad totaling 22,156 square-foot building. The acquisition brings Stos' investment volume for the year to 402,000 square feet and a total of $55.5 million.

The property was acquired in a sale-lease back with a private entity. The seller will remain a long-term tenant in the building, occupying 79% of the property. Stos plans to make capital improvements to the remaining space, and offer it for lease at a substantial discount.

Adam Foster of Foster Commercial Real Estate represented Stos as the buyer in the acquisition.

 

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.