January 8, 2019— Colliers International San Diego Region announces that FABRIC Investments, an Encinitas-based real estate development firm, has acquired a two-story, multi-tenant office and retail building located at 2110 South Coast Highway, Oceanside, CA for $3,750,000. FABRIC plans extensive interior and exterior renovations to transform the existing building into a modern retail and office mixed-use building named LAGOON.
“LAGOON will have unique style with architectural design elements, including a bold Japanese-style midcentury modern wood slat façade,” said Curtis Clave, Principal at FABRIC. “As a part of the already vibrant scene in South Oceanside and the Carlsbad Village, LAGOON will house curated spaces for retail and creative office tenants.”
LAGOON will house 7,000 square feet of experiential retail space along the ground level and 8,000 square feet of creative office space on the second level. LAGOON is slated for completion by mid-2019, but is bringing on new tenants immediately. The office component will feature turn-key spaces available for shorter term leases to accommodate the local start-up and entrepreneurial scene.
“We remain focused on expanding our commercial portfolio in the North County coastal neighborhoods,” said Brendan Foote, Principal and Founder at FABRIC. “We’re excited to develop LAGOON and further expand our footprint in neighborhoods like South Oceanside and Carlsbad Village.”
Amy McNamara and Marc Posthumus of Colliers International San Diego Region represented the seller Bill Roskowski. McNamara also represented FABRIC.
“Oceanside continues to emerge as a vibrant neighborhood and ideal location for investors in Coastal North County,” said Amy McNamara, Vice President at Colliers International. “LAGOON will deliver impeccable retail and office space with panoramic ocean views that complements and enhances the neighborhood.”