(To read more on the industrial market, click here.)
GOLETA, CA-An investment group led by Hank Hurst has closed onone of the largest Santa Barbara commercial deals in history, withRadius Group Commercial Real Estate brokering the deal. Theinvestors acquired the office and R&D portions of the CampusPointe development for an undisclosed price, although the buildingswere on the market at an asking price of approximately $55million.
The two buildings are 1 S. Los Carneros and 71 S. Los Carnerosin Goleta. The 1 S. Los Carneros property is a 102,925-sf officebuilding located on 10.31 acres and master leased to Santa BarbaraBank and Trust. The 71 S. Los Carneros address is a 105,275-sfoffice and R&D building located on 6.98 acres and master leasedto the recently merged entity of Inamed/Allergan.
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