CBRE facilitated the $31-million sale of a three-story, 85,000-square-foot office building located at 1265 Laurel Tree Ln. in Carlsbad, to Sharp HealthCare. CBRE’s Lars Eisenhauer and Dan Henry, along with Greg Lewis and Steven Field at JLL, represented the seller, Pacific Development Partners, LLC. Mike Labelle with Cushman & Wakefield represented Sharp HealthCare.
Initially developed as the 24 Hour Fitness corporate headquarters, the building includes a ground-floor fitness facility and two floors of corporate office space. Sharp HealthCare plans to convert the third floor into a Sharp Rees-Stealy outpatient clinic with immediate occupancy and grow into the balance of the building over time. 24 Hour Fitness will continue to operate out of the first and second floors until the phased conversion is complete.
“This transaction reflects the continued demand for healthcare-anchored real estate in North County and the strategic value of Carlsbad as a long-term growth market,” said Eisenhauer. “We’re proud to have helped facilitate a solution that supports Sharp HealthCare’s expansion goals while delivering a strong outcome for our client.”
