March 19, 2026
Southern California, March 19, 2026 – Colliers is pleased to announce the recapitalization sale of the Tech Park @ Goleta Portfolio, a landmark Class A, 17-building technology campus comprised of five business parks spanning 733,497 SF in the Central Coast city of Goleta, California. The transaction marks one of the most notable trades in a market defined by limited supply and muted transaction activity. The portfolio was acquired for an undisclosed figure through a recapitalization that included Majestic Asset Management, Praelium, Blackbird Investment Group, and H.I.G. Capital, introducing new institutional capital and strategic oversight and positioning the campus for continued growth and long-term value creation.
The seller, David Fradin, Head of Majestic Asset Management, has spent years thoughtfully preparing the portfolio for this next phase of ownership, adding value through leasing, tenant buildouts, branding, and targeted upgrades across the five campuses. Majestic is currently identifying potential industrial opportunities throughout the Western U.S. to purchase for its exchange.
The acquisition meaningfully enhances the partners’ strategic positioning within one of Southern California’s most sought-after and supply-constrained markets. “Goleta’s combination of entrenched technology and aerospace tenants, limited new supply, and strong institutional ownership continues to support long-term investor conviction in the market,” said Sean Fulp, Vice Chair at Colliers and lead broker on the transaction. “We continue to see sophisticated capital prioritize high-quality R&D and industrial assets in Goleta given the market’s durable fundamentals and long-term growth trajectory.”
Alongside Fulp, the Colliers team of Vice Chair Michael Kendall, Executive Vice Presidents Mark Schuessler and Gian Bruno, Senior Vice President Kenny Patricia, and Associate Vice President Blake Hammerstein partnered with local market experts Francois DeJohn and Caitlin Hensel, Partners at Hayes Commercial Group, in exclusively marketing the portfolio and facilitating the deal on behalf of all parties. CBRE Executive Vice Presidents Brad Zampa and Mike Walker provided debt and structured finance advisory.
The transaction further reflects the momentum behind Colliers’ expansion into the Central Coast. Following the firm’s Santa Barbara office opening last year, the local platform is poised to capture growing investor and occupier demand and support future opportunities throughout the region.
Designed to support a broad range of uses, including office, flex, laboratory, and industrial, the portfolio offers a dynamic environment tailored to innovation-driven tenants. Approximately 58% of the portfolio is dedicated to industrial and R&D space, aligning with strong demand from advanced manufacturing, aerospace, defense, medical device, and emerging technology users.
Located along California’s Central Coast and in close proximity to the University of California, Santa Barbara, Goleta has emerged as a hotbed for technology, aerospace, defense, and medical device companies. The region benefits from a strong research ecosystem, a highly educated workforce, and a collaborative business environment that fosters commercialization and growth.
The city is home to major global and national corporations, including Google, Microsoft, Yardi, Lockheed Martin, Raytheon, and Sonos. In recent years, the market has also seen accelerating momentum from quantum computing and artificial intelligence companies, further diversifying and strengthening the local economy.
For additional information, please contact:
Leanne Daly
Manager, PR & Communications U.S. West Region
Leanne.Daly@colliers.com
760-930-7941
