Sterling Bay and Harrison Street Look Ahead to Life Sciences Rehabs

A joint venture formed by Sterling Bay West and Harrison Street recently acquired two life sciences properties located in Sorrento Mesa, the life science and biotechnology submarket of San Diego. The properties are 5785 Oberlin Dr. and 11010 Roselle/3560 Dunhill.

“San Diego is experiencing some of the strongest momentum in the field of life sciences of any market in the country,” said Rodney Richerson, managing principal of Sterling Bay West. “The area’s rapidly growing tech market combined with record-breaking venture capital infusion has produced significant demand for lab facilities, offering Sterling Bay and Harrison Street an opportunity to do what we do best: develop high-quality lab and creative office spaces that compete with leading life sciences hubs across the country.”

5785 Oberlin Dr., a 62,800-square-foot office building, will undergo infrastructure redevelopment to create class-A office and lab space, offering future tenants’ access to flexible floorplates of up to 20,000 customizable square feet. Redevelopment is expected to begin in 2021 with an anticipated delivery in 2022.

11010 Roselle/3560 Dunhill, a two-building 28,000-square-foot office complex, will undergo infrastructure redevelopment to create class-A creative office and lab space, offering future tenants customizable floorplates of up to 15,000 square feet. Redevelopment is expected to begin in 2022 with an anticipated delivery in 2023.