JLL represents seller in sale of single-story building in Carlsbad, California
SAN DIEGO, January 8, 2025 – JLL announced today that it has handled the sale of a 4,397-square-foot industrial building located at 3226 Grey Hawk Court in Carlsbad, California to Eldridge Enterprise Holdings, LLC for $1,736,000. Eldridge Enterprise Holdings, LLC will use the building to expand its communication technology company with move in expected in 2025.
JLL’s Chris Baumgart represented the seller (Grey Hawk 3226, LLC) and buyer (Eldridge Enterprise Holdings, LLC), in the transaction.
“In the fourth quarter of 2024, we observed a significant uptick in sales activity, primarily for owner-occupied real estate in North San Diego County,” said Chris Baumgart, JLL Managing Director. “This recent transaction exemplifies this trend, presenting an opportunity for the buyer to grow and expand their communication technology business in the region. This pattern of acquisitions suggests a robust confidence among local businesses in their future growth and a strategic move towards securing their operational bases.”
According to JLL’s Q3 San Diego Industrial Insights Report, North County San Diego industrial fundamentals remain fairly stable with 6 percent vacancy and 56,199 square feet of quarterly net absorption.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
