SAN DIEGO-A partnership has purchased nearly five acres for athree-story, 80,000-sf office building in the 560-acre Carlsbad ResearchCenter in North County.

Newport National Corp., doing business as Emerald Lake Corporate Centre LLC, bought the parcel for $2.25 million from California general partnershipCRC. The 4.7-acre property is located at the entrance to the research centerat Cannon Road and Faraday Avenue, which opened to traffic only last month.

Groundbreaking for the project is slated for April, with completion expectedthe following January. San Diego-based Business Real Estate Brokerage Co./NAI represented Newport National Corp. and will handleleasing. Hamann Investments represented the seller.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.