The Campus in Carlsbad is 74 Percent Leased

Newport National Corporation Revitalizes Property with Significant Renovations

Published on March 30, 2011

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SAN DIEGO – Cassidy Turley BRE Commercial, San Diego’s market leader in commercial real estate services, today announced that Newport National Corporation’s The Campus development is now 74 percent leased.

Located at 5962, 5964 and 5966 La Place Court, The Campus is situated within the prestigious Carlsbad Research Center and adjacent to McClellan-Palomar Airport. The project totals approximately 163,070 square feet in three buildings. The building located at 5962 La Place Court is a two-story multi-tenant office building containing 23 new spec suites available for lease ranging in size from 742 to 4,642 square feet and totaling 46,895 square feet. The additional two buildings at 5964 and 5966 La Place Court total approximately 116,175 square feet and are partially leased to office, R&D and life science tenants. Additional premises are available for lease ranging in size from 19,544 to 42,707 square feet.

Newport National Corporation purchased the property in January 2010 and has since increased the total occupancy of the project to 74 percent with recent leases signed by GenMark Diagnostics, Inc.; Colorati, Inc.; Meissner Jacquet Investment Management Services; and Millenium Trust Company, LLC.

Upon purchasing The Campus, Newport National Corporation executed significant building and site renovations. At 5962 La Place Court, renovations include remodeling of all of the vacant suites, common area corridors and lobbies with new walls, doors, high-efficiency lighting, digitally controlled HVAC, ceiling tiles, carpet tiles and fresh paint. First and second floor restrooms feature stone countertops, stainless steel partitions, high-efficiency lighting, new plumbing fixtures, tile on the floors and in the showers, wall coverings and fresh paint. The courtyard has been transformed into an Asian Fusion inspired botanical garden complete with two rake gardens, tropical plants from around the world, multiple koi ponds and waterfalls, lunch tables with shade, and an exterior kitchen/barbeque area. The lush common areas are served by the on-site Campus Deli providing excellent and convenient food service for tenants and neighboring businesses.

“The Campus is positioned as the new go-to location for tenants in Carlsbad looking for an affordable option with Class A finishes and a unique environment,” said Justin Halenza of Cassidy Turley BRE Commercial, who is part of the exclusive leasing team for The Campus, along with Josh Bernstein, Dennis Visser and Aric Starck. “The increased occupancy during this new ownership and renovation process proves that there is new activity among tenants in the area. Newport National Corporation is continually working to create amenity-rich projects featuring excellent architecture with state-of-the-art features related to efficiency and green technology to attract and retain high-quality tenants.”

For more information about leasing opportunities at The Campus, please contact Halenza at 760.431.4200.


About Newport National Corporation
Newport National Corporation (NNC) is a full-service, vertically integrated real estate company based in Carlsbad, Calif. NNC was founded in 1973 and incorporated in 1975 by Mr. F.M. “Bruce” Brusseau. NNC’s business strategy has and continues to be the acquisition, development and management of prime commercial real estate properties in dynamic growth areas.

The firm has developed and managed a diverse portfolio of 2,100 acres and 4,110,000 square feet  including low and mid-rise office, power centers, shopping centers, free-standing industrial, multi-tenant industrial, research and development, business parks and residential properties. Today NNC’s operations are focused in San Diego County.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with 3,000 professionals in 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $17 billion in 2010, manages 430 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.

Cassidy Turley provides regional real estate services with local San Diego market leader Cassidy Turley BRE Commercial. The company’s dominant market presence includes more than 160 professionals and staff in five local offices and recorded nearly $1.2 billion in transactions in 2010. For more information about Cassidy Turley BRE Commercial, please visit www.brecommercial.com.

Lesley-Joann Kolb

858.625.5244

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