Experienced owner unveils plans to convert existing Sorrento Mesa creative office building into spec lab to cater to region’s life sciences tenant demand
Cushman & Wakefield leading leasing efforts for transformative project
SAN DIEGO, Calif. – March 25, 2024 – King Street Properties (“King Street”) has unveiled plans for a new premier 60,000-square-foot speculative lab and life sciences redevelopment, Mesa Labworks, in the Sorrento Mesa submarket of San Diego, California. King Street is converting the existing single-story building located at 5825 Oberlin Drive, which was originally built in the mid-1980s and last renovated to creative office use in 2016. Construction on Mesa Labwork’s first two speculative lab suites is now underway.
Mesa Labworks, offering move-in ready spec lab solutions, will deliver suites ranging from 8,000 to 15,000 square feet. Scheduled for completion in August 2024, the new suites will deliver state-of-the-art lab infrastructure within a prominent life science epicenter.
Cushman & Wakefield’s Mike Novkov, Bill Cavanagh and Brett Ward are leading the leasing efforts.
“As the Project Leasing team, we are very excited to have King Street join the San Diego market with this special transformative project, which is well positioned in one of the world’s most vibrant and renowned life sciences hubs. We envision this new facility to provide significant ready-to-occupy opportunities for a variety of today’s new and proven life sciences users,” said Brett Ward, Vice Chair.
“Tenants can trust in King Street’s proven technical proficiency, robust financial backing, and a commitment to a people-centric approach, delivering a high-end and engaging experience while solving the complex needs of the life science users they serve. And companies seeking efficient and ready-to-use space will find an ideal solution at Mesa Labworks,” added Mike Novkov, Managing Director.
Boasting over two decades of expertise in real estate solutions tailored exclusively for science-based enterprises, King Street is recognized as a premier life science developer on a national scale. Presently overseeing 3.5 million SF of facilities and with over 4 million SF in development across key life science hubs such as Boston, the Bay Area, the Research Triangle, and New York, King Street’s venture into San Diego marks their inaugural ownership in the region.
For more information, please visit https://www.mesalabworks.com/
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
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