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Advanced Manufacturing Tenant Signs Headquarters Lease in Scripps Ranch
Luminous Capital Management, in partnership with Austin-based Virtus Real Estate Capital, has leased its 75,000-square-foot industrial property located at 10225 Willow Creek Rd. in San Diego’s Scripps Ranch submarket to Reotemp Instrument Corporation, a manufacturer of high-precision temperature and pressure instrumentation. The headquarters lease runs for 12 years.
The Luminous/Virtus partnership acquired the property in September 2021 from its former occupant, LG Electronics USA, and conducted extensive renovations. “With the slowdown in biomanufacturing over the past several years, we were fortunate that our business plan always contemplated accommodating a wide array of advanced manufacturing tenants,” commented Bob Dougherty, Principal at Luminous.
Cushman & Wakefield’s San Diego office represented both landlord and tenant. Brant Aberg, Bryce Aberg, and Louay Alsadek listed the property for Luminous, while Andy Ewald and Peter Curry worked on behalf of Reotemp. Cushman & Wakefield’s Project Development Services team, led by Jason Thatcher, is managing the tenant construction.
- ◦Lease
