SAN DIEGO, Calif. – September 10, 2018 – Cushman & Wakefield announced today that Maravai LifeSciences, a leader in providing reagents to researchers, biotherapeutics manufacturers and OEM partners worldwide, plans to relocate and expand its TriLink BioTechnologies operations with the signing of a lease on a new facility in the Sorrento Valley area of San Diego. Ted Jacobs, who is based in San Diego and serves as Managing Director of Cushman & Wakefield’s Global Life Sciences Practices Group, represented Maravai in the transaction.
The new facility will house the company’s current local staff of more than 150 and can accommodate growth to more than 350 R&D, commercial and manufacturing employees. The company’s current Good Manufacturing Practice (cGMP) production capabilities will also be relocated, validated and expanded.
TriLink will be the lead tenant in the 180,000-square-foot building, which is located at 10770 Wateridge Circle. The company will begin its move in the fall of 2019, with completion by the end of the year. Maravai LifeSciences corporate headquarters will also relocate to the new building.
“This new facility and related investments we are making in the business position us well for the continuing growth we foresee,” said Brian Neel, chief operating officer for TriLink. “We can now further scale up our chemistry and biological operations in a state-of-the-art facility and meet the demand for our products in the growing fields of gene editing and DNA/RNA therapeutics and diagnostics. The new space will also enable us to create individual cGMP suites that can be tailored for customer campaigns.”
“San Diego is one of the top life sciences markets in the country, and Maravai’s commitment to remain and expand their business here exemplifies the strong ongoing real estate demand and growth we continue to see from this sector,” said Mr. Jacobs. “Worth noting is because the market is so tight, once a tenant grows to over 50,000 square feet, existing building options for life sciences users are scarce, and most companies do not have the luxury to wait for a built-to-suit ground-up development.
“Sorrento Mesa, where ‘The Peak’ at 10770 Wateridge Circle is located, is the second largest life sciences submarket in the region behind Torrey Pines. With the expanding tenant base we will see more office and industrial buildings with the right clear height and parking ratio converted to higher use life sciences buildings to cater to future demand, especially for more modern facilities.”
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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.