Nexus Properties just paid $20.5 million for the 12.7 acre lot at 5600 Avenida Encinas, which has been home to the San Diego International Floral Trade Center since 1990, according to a story in the San Diego Union-Tribune.
For 18 years, the 154,000-square-foot former computer manufacturing building has been a fragrant flea market where florists from El Centro to San Bernardino come to buy bundles of fresh roses, tulips and other plants for their shops. . . . About 30 local growers and vendors operate out of the center, which was the brainchild of the late Paul Ecke Jr. of the poinsettia-growing Paul Ecke Ranch in Encinitas.
With 26.3 percent of the Carlsbad office space currently empty, seems like an odd time to be developing more office space. Then again, it’s a block to the beach.
[Link: San Diego Union-Tribune]
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