News:

Badiee Development Breaks Ground
on Carlsbad Victory Industrial Park

55,573 square foot industrial project is slated for completion in Summer

SAN DIEGO – November 29, 2016 – Badiee Development, a full-service development firm with over 30 years of experience in the Southern California area developing successful industrial, high tech office and retail projects, has broken ground today on the Carlsbad Victory Industrial Park at a ceremony hosted with City of Carlsbad Mayor Matt Hall and dozens of community and business leaders. The 55,573 square foot industrial building, located at 3248 Lionshead Avenue, Carlsbad, CA (92008), is slated for completion in early Summer 2017.

Carlsbad Mayer Matt Hall & Ben Badiee

Carlsbad Mayer Matt Hall & Ben Badiee

“In Carlsbad we want to be known for creating amazing relationships with the business community to help spark job growth today and for our children’s future, which is why I’m so personally invested in being a part of projects such as Badiee Development’s Carlsbad Victory Industrial Park that promote economic growth and opportunity,” said City of Carlsbad Mayor Matt Hall.

Carlsbad Victory Industrial Park has been designed with a contemporary mix of office and warehouse space for two tenants with suites measuring 25,148 square feet and 30,425 square feet each. The project will feature two upgraded tenant entries, dock-high and grade-level loading, 26-foot clear height, ample power, Automatic Fire Suppression System, mezzanine space, skylights throughout, and a large outdoor patio area.

Carlsbad Victory Industrial Park | Badiee Development

Carlsbad Victory Industrial Park

Badiee Development has begun pre-leasing for Carlsbad Victory Industrial Park with representation by Colliers International San Diego Region’s Tucker Hohenstein and Mike Erwin. Colliers International San Diego Region also represented Badiee Development in the purchase of the land parcel for Carlsbad Victory Industrial Park in December 2015.

“With Carlsbad Victory Industrial Park’s superior location, cutting-edge design, and amenities, it is an ideal property for businesses looking to relocate to a best-in-class industrial building in Carlsbad,” said Tucker Hohenstein, Senior Vice President at Colliers International San Diego Region.

Smith Consulting Architects is the architect and TFW Construction is the general contractor for Carlsbad Victory Industrial Park.

“At a time when industrial inventory is extremely low in North County, Carlsbad Victory Industrial Park commences Badiee Development’s $90 Million construction pipeline of six projects totaling 425,000 square feet across North County that are all slated for delivery beginning in 2017,” said Scott Merry, Vice President of Construction at Badiee Development.

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About Badiee Development
Badiee Development is a full-service development firm with more than 30 years of experience developing successful industrial, high tech office and retail projects in Southern California. Badiee Development’s primary mission is to turn development visions into outstanding completed projects by creating an enthusiastic, stimulating workplace that amplifies the talents of its management team and employees. The company strives to create positive relationships with all individuals involved in its projects, working towards a shared goal, whether consultants, tenants, municipal staff, investors or employees, Each member of Badiee Development’s senior management team has over 30 years of industry experience and collectively they have developed in excess of 10 million square feet of commercial and residential real estate.

For more information, visit www.badieedevelopment.com.

About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn. To see the latest news on Colliers International in the San Diego Region, follow @Colliers_SD

For further information, please contact:
Kenneth Moore
760-468-0394
Kenny@HutchensPR.com