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5/13/22
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Trammell Crow Company (TCC) and CBRE Investment Management have teamed up to build Vista Sorrento Labs, a 116k sf life science development in San Diego’s Sorrento Mesa submarket. CBRE’s stake is on behalf of a separate account client.
The purpose-built life science building marks both firms’ first ground-up life science project in San Diego. The partnership plans to begin demolition of the existing building and break ground on the new facility in Q4 2022, with completion anticipated for early 2024.
Vista Sorrento Labs will be a speculative, purpose-built four-story life science building, with 32k sf, column-free floor plates. The building is designed to deliver Class A lab, clean room and office space, featuring state-of-the-art specifications including upgraded MEP and structural engineering, 16’ floor-to-floor heights, and on-site chemical storage. Plans for the Ware Malcomb-designed building include EV charging stations, a high-end fitness center with showers and locker rooms, indoor and outdoor conference rooms, lounge, bike storage, solar panels, LEED certification, and a combination of surface and structured parking.
“The life science sector remains a key component of our investment strategy for our client given the intense demand for quality lab and research spaces amid the global pandemic,” said Nathan Zinn, Portfolio Manager for CBRE Investment Management. “We believe that the location of this development – in one of the top three life science markets in the U.S – combined with our partnership with TCC will generate strong long-term performance.”
Located at 10251 Vista Sorrento Pkwy, Vista Sorrento Labs is centrally located in the heart of the nation's #3 Life Science Super Cluster. The site, situated on over four and a half acres, enjoys immediate access to nearby amenities in Sorrento Mesa and UTC, as well as prominent freeway visibility and convenient access to I-805 and nearby I-5.
“Vista Sorrento Labs is located in one of the top-performing life science clusters in the country, which is currently experiencing a lack of supply and overwhelming demand for high-quality space,” said Andy Huggett of CBRE, which is handling marketing and leasing for the development. “In addition to best-in-class design, the project is ideally located, offering prominent freeway visibility and convenient access. We have been looking forward to kicking off our pre-leasing efforts so that the team can capitalize on San Diego’s record-breaking leasing activity.”
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