LPC West, Inc. has acquired two industrial buildings in separate transactions for $17.3 million.
The company bought a 39,644 square-foot building at 9955 Mesa Rim in Sorrento Mesa for $8.1 million from Terezard, LLC.
LPC West also bought a 54,154 square-foot, two-story building in the Carlsbad Research Center at 5928 Farnsworth Court from Carlsbad Technology, Inc. for $9.2 million.
The two buildings were fully leased at the time of the sale.
Glenn Arnold and Jeffrey Sallen of Cushman & Wakefield represented Terezard in the Mesa Rim deal while LPC West represented itself.
Jim Benson of Kidder Mathews represented Carlsbad Technology in the Farnsworth Court sale and Todd Davis, also of Kidder Mathews, represented LPC West.
“These buildings are very well located in major San Diego technology and life science clusters,” said Brig Black, executive vice president of LPC West.
Based in Dallas with offices in San Diego, LPC West is the West Coast operating division of Lincoln Property Company.
Real estate reporter Ray Huard may be reached at email@example.com or 858-277-8904.