Phase 3 Real Estate Partners Leases Lab Space At GENESIS-Del Mar For Biotech Companies In San Diego
12250 El Camino Real
16,385 SF
Summary
Phase 3 Real Estate Partners, Inc has leased three spaces at GENESIS-Del Mar, a new 86,000 sq ft lab building located at 12250 El Camino Real in San Diego. The property offers flexible and high-quality facilities, catering to the needs of small biotech companies such as Mabwell Therapeutics, Genece Health, and Lygos. The lease transaction includes a total square footage of 16,385 at an asking rent of $51.87 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not provided
- Address: 12250 El Camino Real, San Diego
- Market: San Diego
- Landlord: Phase 3 Real Estate Partners, Inc
- Tenant: Mabwell Therapeutics, Inc., Genece Health & Lygos, Inc.
- Landlord's Rep: Chad Urie, Grant Schoneman & Taylor DeBerry - JLL
- Tenant's Rep: Tristen Schneider & John Hundley - Kidder Mathews; Shane Poppen - Hughes Marino
This lease deal represents Phase 3 Real Estate Partners' support of small biotech companies' growth by providing them with suitable spaces to conduct their research and development activities. The building at GENESIS-Del Mar has attracted companies like Mabwell Therapeutics, Genece Health, and Lygos, which are focused on developing life-changing therapies.
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