Techbilt Companies Finishing Carlsbad Industrial Projects
REAL ESTATE: Evolve, Endeavor ‘Last of Industrial Projects’ in City
By Ray Huard
CARLSBAD – Construction has begun on what may well be among the final industrial real estate developments to be built on spec in Carlsbad.
Built by The Techbilt Companies, a family-owned real estate and housing developer based in Loma Portal, Evolve will have 67,714 square feet of warehouse/flex space in three buildings within the Carlsbad Oaks North Business Park.
Scheduled for completion in summer 2025, Evolve at Whiptail Loop at Faraday Avenue will have 67,714 square feet in three buildings – one building of 17,419 square feet, one of 20,330 square feet and one of 29,965 square feet.
Techbilt will follow construction of Evolve with Endeavor, a 150,000-square-foot industrial project in the same business park that will be done in the fourth quarter of 2025, then with two more unnamed industrial buildings to be built in the business park in the summer of 2026.
Once those are finished, Carlsbad will have pretty much run out of land for large industrial projects, according to Conor Boyle, a senior director of Cushman & Wakefield, who is handling the leasing of Evolve with Tyler Stemley also of C&W and Cynthia Carter and Ted Cuthbert of Colliers.
“This is the last of the (industrial) developments that are planned or proposed for Carlsbad,” Boyle said. “This is the end of speculative industrial development in Carlsbad, minus a couple of one-offs.”
Designed by HED, based in Sorrento Valley, “Evolve provides companies wanting to relocate, expand or simply upgrade their space in Carlsbad an extraordinary opportunity to create their own fully integrated coastal workplace,” said Raul Guzman, Techbilt vice president of development.
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