CBRE Announces Groundbreaking of Class A Lab and Office Campus in Torrey Pines, San Diego
02 Jan 2020
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San Diego – CBRE announced the groundbreaking of The Boardwalk, a Class A lab and office campus in Torrey Pines, San Diego.
CBRE’s Jed Stirnkorb, Rich Danesi and Andrew Huggett are the leasing agents for the project. The landlord, Irvine, Calif.-based REIT Healthpeak Properties, owns more than 25 million square-feet of R&D and office buildings throughout the U.S.
Located at 10265, 10275 and 10285 Science Center Drive, The Boardwalk will feature three buildings that total more than 195,000 square-feet. Amenities will include a gourmet café, conference center, 5,000 square-foot fitness center and a one-acre park with outdoor meeting and collaboration spaces. The property is located just west of I-5 and is within walking distance of University of California, San Diego.
“The Boardwalk is in the heart of great universities and many innovative companies that create a highly educated talent pool and opportunities for unique collaborations,” said Danesi. “Torrey Pines is the ideal location for such a state-of-the-art lab and office campus and the CBRE team is extremely excited for the opportunity to lease such an incredible asset.”
Healthpeak will commence construction on the $164 million life science development in January of 2020 and is expected to accommodate occupancy as early as the second quarter of 2021. The campus will combine three adjacent Healthpeak holdings, activating two land sites through 110,000 square-feet of ground-up development that will flank both sides of an existing 85,000 square-foot property that will also be redeveloped.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.