An affiliate of Los Angeles-based The Wonderful Co. has purchased a Carlsbad office and industrial building for $19 million, according to CoStar Group and public data.
The seller of Faraday Research Center, a 65,840-square-foot building at 2251 Faraday Ave., was Alvarez & Marsal Capital Real Estate LLC of El Segundo. The property is part of a larger development known as Carlsbad Research Center.
The buyer and seller were represented by Aric Starck and Rick Reeder of brokerage firm Cushman & Wakefield.
A Cushman & Wakefield statement said the property is currently leased to Abbott Laboratories and Wasserman Media Group. The seller recently completed significant improvements on the building, including newly constructed creative-office components with contemporary designs and finishes.
The building was originally constructed on approximately 4.5 acres in 1983 and renovated in 2009, according to CoStar Group.