Trammell Crow, CBRE Plan 116,000 SF Vista Sorrento Labs Spec Life Sciences Building in San Diego
SAN DIEGO — Trammell Crow Co. (TCC), in partnership with CBRE Investment Management on behalf of a separate account client, has unveiled plans to build Vista Sorrento Labs, a 116,000-square-foot speculative life sciences development in the Sorrento Mesa submarket of San Diego.
The purpose-built life sciences building marks the first ground-up life sciences project in San Diego for both firms. The partnership plans to begin demolition of an existing building on the site and break ground on the new facility in the fourth quarter of this year. Completion is slated for early 2024.
The four-story building will feature floor plates spanning 32,000 square feet. The project will feature Class A lab, clean room and office space as well as onsite chemical storage. Ware Malcomb designed the building, which will include amenities such as electric vehicle charging stations, locker rooms, indoor and outdoor conference rooms, bike storage, surface and structured parking, a fitness center and lounge.
“This fall’s scheduled groundbreaking will mark the first of multiple planned ground-up life sciences developments in Sorrento Mesa, which will add approximately 700,000 square feet of much-needed life sciences space to the submarket,” says Chris Tipre of TCC Newport Beach.
“Vista Sorrento Labs is located in one of the top-performing life sciences clusters in the country, which is currently experiencing a lack of supply and overwhelming demand for high-quality space,” says Andy Huggett of CBRE, which will handle marketing and leasing for the project.
TCC is a global commercial real estate developer that has built or acquired 2,800 buildings valued at nearly $70 billion and over 625 million square feet. As of March 31, TCC had $19.8 billion of projects in progress and $10.1 billion in its pipeline. TCC is an independently operated subsidiary of Dallas-based CBRE.
CBRE Investment Management is a global investment management firm with $141.9 billion in assets under management as of Dec. 31. It is an independently operated affiliate of CBRE.
— Kristin Hiller