Alvarez & Marsal Capital Real Estate of El Segundo has purchased the Faraday Research Center office property in Carlsbad for $12.7 million, according to brokerage services provider Cassidy Turley.
Cassidy Turley and Madison Partners represented the buyer and seller, IDS Real Estate Group of Los Angeles.
The single-story Class A property at 2251 Faraday Ave. has 65,840 square feet of research and development space. It is 73 percent leased to pharmaceutical and medical device maker Abbott Laboratories.
— SDBJ Staff Report