CBRE Completes $22M Lease for Teledyne

CBRE Group, Inc. has reportedly completed a $22 million lease for Teledyne Instruments, Inc. in the Scripps Ranch submarket. The 10-year deal involves two buildings totaling 124,828 square feet, making it the largest industrial lease completed in central San Diego last year, and the largest new R&D deal completed since 2013.

Teledyne Instruments expanded into 9970 Carroll Canyon Rd. and renewed its lease at 9855 Carroll Canyon Rd. The company is combining the growing operations of both Teledyne API, which is relocating from Sorrento Mesa, as well as Teledyne Impulse, which is currently located in Scripps Ranch.

CBRE’s Bill Dolan and Chris Pascale represented the landlord, Gateway Colorado Properties, Inc., and Craig Estey of Cushman & Wakefield represented the tenant.