Cushman & Wakefield represents landlord in Class A office/lab transaction
San Diego CA— Cushman & Wakefield announced that the Del Mar Corporate Centre campus in Del Mar Heights (San Diego), California is 100% leased. Kilroy Realty has most recently leased 182,000 square feet of Class A office and lab space to Tandem Diabetes, an insulin delivery and diabetes technology company.
San Diego-based Tandem Diabetes’ will be located in the 12400 High Bluff Dr building, known as Del Mar Corporate Centre III (DMCC III). The medical device company is moving its headquarters from nearby Sorrento Valley.
Brett Ward, Michael Cassolato, and Brian Starck of Cushman & Wakefield represented Kilroy Realty and Ted Jacobs and Andy Huggett of CBRE represented Tandem Diabetes in the transaction.
“We are thrilled to welcome Tandem Diabetes to Kilroy’s portfolio,” said Brett Ward, Executive Managing Director. “Continuing to make significant investment to broaden its life science portfolio, Kilroy’s properties offer tenants exceptional quality and flexibility to accommodate the needs of today’s growing life science and technology companies.”
“Ward continued, “As the supply remains at all-time lows in Torrey Pines and University Town Center (UTC) coupled with significant rent growth, we continue to see, greater demand for Class A space from life science companies in the Del Mar Heights and 56 Corridor submarkets.”
Del Mar Corporate Centre is a three-building 350,000 SF Class A life science and tech campus in San Diego’s Del Mar Heights neighborhood near the Interstate 5/State Route 56 interchange. The campus is surrounded by world-class shopping and dining and offers excellent visibility and accessibility from Interstate 5.
Last month, Cushman & Wakefield also announced DermTech, a leader in precision dermatology enabled by a non-invasive skin genomics platform, had leased the 96,000 sf building at DMCC II for its new headquarters.