Curology Continues Local Growth with 54,200 SF Lease at Montana Avenue Capital Building in Sorrento Mesa
San Diego, Calif., November 6, 2018 – Curology, a San Francisco-based custom skin care company, is expanding its presence in San Diego to 54,232 square feet at a newly renovated office building at 5717 Pacific Center in Sorrento Mesa, which is owned by Montana Avenue Capital Partners. Curology is relocating its local offices from UTC to accommodate the rapid growth of the company over the last five years, and will be nearly tripling in size with this new lease.
Bill Cavanagh and Mike Novkov with Cushman & Wakefield’s San Diego office represented the landlord in the transaction. Cushman & Wakefield’s Casey Sterk together with Tom van Betten of Matter Real Estate represented the tenant.
Montana Avenue Capital recently acquired the property as a vacant building and completed a significant renovation of the project to position the building as a first class creative office project. The renovation included updating the look and feel of the building exterior and adding some creative indoor/outdoor work areas.
Bill Cavanagh, Managing Director with Cushman & Wakefield’s Office Division, said, “5717 Pacific Center was repositioned with enhanced amenities to create an environment to meet the demands of San Diego companies looking to create a culture and atmosphere that enhances the success of their business.”
David Lortscher, CEO of Curology, said, “We could not be more excited to move into 5717 Pacific Center. It is a beautiful space that perfectly fits our needs and provides our team with a vibrant, bright and creative office environment. It will allow us to not only retain but attract new talent.”
About MAC
MAC has significant experience creating value through off-market deal sourcing, creative structuring, well-executed development, rigorous asset management, and opportunistic financing and disposition of assets. Combining regional focus and deep local market knowledge with the leverage provided by the team’s institutional relationships, MAC seeks to generate superior risk-adjusted returns for its investors. MAC’s principals are focused first and foremost on creating value for our investors, partners and employees, while maintaining the highest standards of integrity in everything we do.
MAC is seeking additional investments in commercial real estate and real-estate debt in the Western US. In particular, MAC is seeking properties that are clustered in urban, mixed-use environments such as Silicon Valley and Silicon Beach. For more visit http://www.macpartnersllc.com
About Curology
Clear skin can be life-changing, but it’s not easy to see a dermatologist. At Curology, we provide prescription medications custom-formulated for each patient’s skin and shipped directly to their door. We tailor the entire Curology experience specifically for patients with acne and anti-aging concerns, allowing us to provide incredibly personalized, effective and affordable care at scale.
We’ve assembled a committed team of dermatology providers and created a secure online platform, bringing professional acne care and prescription treatment to tens of thousands of people who wouldn’t otherwise be able to access or afford it. Curology helps people see tremendous, long-term improvements previously accessible only to a small percentage of the population. Our formulas are already on tens of thousands of sinks across the US.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Media Contact:
Joshua Deale
Cushman & Wakefield
Senior Communications Specialist
Mobile: +1 408 806 4005
joshua.deale@cushwake.com
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