State-of-the-art low-rise suburban buildings geared toward lab and other research uses continue to attract strong tenant interest in the San Diego market. A recent example is 6650 Nancy Ridge Dr., a 24,200-square-foot office and lab building constructed in 1998 on 1.4 acres in San Diego’s Sorrento Mesa life science cluster.
Drawbridge Realty recently leased the building to LumiraDX. The London-based medical diagnostics firm signed a 66-month lease. Earlier this year, LumiraDX received authorization from the FDA under the Emergency Use Authorization for its SARS-CoV-2 antigen detection test.
Simon Terry-Lloyd and David Ross of CRESA represented LumiraDX. Chad Urie and Grant Schoneman of JLL represented Drawbridge Realty in the lease negotiations.
“The San Diego life sciences market continues to flourish. This is a great case study on the reusability of well-thought-out and designed laboratory space. This is the second time we have been successful with companies like LumiraDx choosing the asset to support ongoing R&D and growth,” Schoneman said.
Drawbridge acquired the two-story building in 2012 and repositioned the asset for life science research tenancy.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.