Alloy Completes Lease-Up of Spec Lab Space at Sorrento Mesa Project

Alloy Properties has signed Biora Therapeutics to a 19,560-square-foot lease at Elements by Alloy Properties, a 290,000-square-foot life science campus located at 10201–10241 Wateridge Cir. in San Diego’s Sorrento Mesa submarket. The transaction marks the third lease completed at Elements in the past six months and completes the lease-up of the project’s available spec lab space.

“While the broader life science market continues to face challenges, Elements has demonstrated that tenants remain willing to commit to exceptional laboratory environments that offer quality, flexibility and immediate occupancy,” said Alicia Hinds, COO of Alloy Properties. “The successful lease-up of our original three floors of spec suites reinforces our confidence in the project and supports our decision to move forward with the next phase of development.”

JLL’s Tony Russell and Tim Olson represented Alloy Properties in the Biora Therapeutics lease. Biora Therapeutics was represented by Greg Bisconti and Justin Venckus, also of JLL.

Connect

Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 19-plus years’ experience covering the commercial real estate industry and 35-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 11-15 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints