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Barker Pacific Group has acquired The Quad, a four-building Class A office campus in Carlsbad, from Regent Properties. The sale price was not disclosed, but Cushman & Wakefield, which arranged the transaction, reported that the deal ranks as the largest Class A office transaction in North San Diego County since 2023. The acquisition adds a multi-building, institutional-quality office asset to Barker Pacific Group’s portfolio at a time when investors are closely watching activity in coastal Southern California office markets.
The Quad is located at 5740-5770 Fleet Street within the Carlsbad Ranch area of Carlsbad. While specific square footage, occupancy levels, and tenant details were not provided, the property is described as a Class A suburban office campus, indicating a higher-end asset within the local office inventory. The four-building configuration positions the complex as a sizable office holding in the North San Diego County submarket, where transaction activity for high-quality assets has been relatively limited in recent years.
Cushman & Wakefield’s Aric Starck and Drew Dodds represented Regent Properties in the sale. Their role included marketing the property and advising the seller through the disposition process. The firm also noted the significance of the trade within the regional office investment sales landscape, highlighting the transaction’s scale compared with other recent Class A office deals in North San Diego County.
On the leasing side, CBRE’s Matty Sundberg provided leasing advisory support in connection with the transaction. Following the sale, Starck, Dodds, and Sundberg will continue as leasing agents for The Quad, ensuring continuity in market positioning and tenant outreach for the new ownership. This ongoing engagement suggests a focus on preserving the property’s Class A profile and maintaining or enhancing its leasing performance under Barker Pacific Group’s ownership.
Commenting on the deal, Cushman & Wakefield’s Starck said the sale of The Quad underscores an ongoing flight-to-quality trend in North San Diego’s coastal office markets. His remarks point to sustained investor and tenant interest in newer or upgraded Class A product, even as broader office fundamentals remain under scrutiny nationally. Properties like The Quad appear to be drawing comparatively stronger capital and leasing demand than older or less-amenitized assets.
Barker Pacific Group managing principal Mark Handin stated that the acquisition aligns with the firm’s strategy of buying and repositioning high quality, cash-flowing, Class A suburban office properties in supply-constrained markets with strong underlying fundamentals. While no specific repositioning plans or capital improvements were detailed, Handin’s comments indicate that the firm views The Quad as consistent with its focus on institutional-grade suburban office assets. The combination of a sizable Class A campus, a coastal North San Diego County location, and ongoing leasing support from established brokerage teams positions The Quad as a notable office investment sale in the region’s recent transaction history.
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