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4/02/20
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In a recent leasing transaction out of the Conejo Valley, PBS Biotech inked a long-term sublease for a 63.8k sf freestanding industrial facility in Camarillo. The sublessor is Microsemi Communications LLC.
The property is located at 4721 Calle Carga, near the 101 Fwy between Santa Barbara and the Greater Los Angeles area. The building, which has been recently renovated, features four ground-level loading doors with a 22’ clear height, open bullpen areas, multiple labs and a large breakroom.
NKF Executive Managing Director John DeGrinis, SIOR, along with Senior Managing Directors Patrick DuRoss, SIOR, Jeff Abraham, SIOR, and Greg Tippin represented both parties in the transaction.
“PBS Biotech specializes in the manufacturing and supply of bioreactors, which are utilized by biotech companies around the world for research and development,” said Abraham. “As a rapidly growing company, they had outgrown their current space. The new property is four times larger than PBS’ previous location, accommodating their current space needs as well as allowing room for growth.”
DuRoss added, “This sublease is yet another indicator of the rising trend of biotech expansions throughout the Southern California market, particularly along the 101 corridor in North Los Angeles, in recent years.”
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