Encinitas-headquartered RAF Pacifica Group recently began construction on three previously announced industrial developments in North County totaling $110 million in value.
A company statement said the speculative developments, in Carlsbad and San Marcos, total more than a half-million square feet of creative industrial space and are slated for completion in 2018.
RAF founder and Principal Adam Robinson said the developments cater to recent residential and business growth in North County, spurred in part by relocations of companies from other parts of San Diego and other Southern California counties. He pointed to continued employment increases and historically low vacancy rates and rising lease rates in North County.
Ground was recently broken for the $29 million, 171,098-square-foot vec•tor, in the Carlsbad Oaks North business park; the $44 million, 277,410-square-foot dis•trib•ute in Carlsbad; and the $37 million, 219,477-square-foot pro•duc•tion in San Marcos.
RAF officials said the company’s earlier announced, 156,977-square-foot industrial project in Carlsbad, nearly completed and known as el•e•vate, is nearly 100 percent occupied. The company previously reported that it had signed tenants at that project including hair products supplier Unite Eurotherapy and dietary supplement distributor B&D Nutritional Ingredients, both of Vista, and Hydrogenics, a Canadian developer and manufacturer of fuel cells and other clean-energy technology.