Trammell Crow Nears Completion of Sorrento Valley Lab/Office Building
Trammell Crow Company (TCC) is on target to finish construction of a $100-million-plus lab and office building in Sorrento Valley by early summer as the life science real estate market slowly recovers from a post-COVID downturn, the San Diego Business Journal reported. TCC is building the four-story building on spec, with no tenants lined up prior to construction.
Although no leases have been signed yet, “We’re getting really good feedback from everybody in terms of the design and the layout, so it’s just a matter of time getting it filled now,” Chris Tipre, principal and San Diego market lead for TCC, told the Business Journal.
The four-story building is named Vista Sorrento Labs for its location at 10251 Vista Sorrento Pkwy. in sight of Interstate 805. It was designed by Ware Malcomb with Swinerton as the general contractor.
Although Vista Sorrento Labs is TCC’s first life science project in San Diego County, Tipre said it won’t be the last.
“We are looking on a couple of others down the street that are in pre-development,” he said.