Research & Development Projects : First Building Rising at Interstate Center
The first of two research-and-development buildings is under construction at the Interstate Corporate Center, just west of Interstate 15 at 5050 Murphy Canyon Road between Clairemont Mesa Boulevard and Balboa Avenue in the Kearny Mesa area of San Diego, with completion planned later this year. The second building will go into construction in January.
Each building contains 30,000 square feet. The overall, $60-million, 22-acre center eventually will include 600,000 square feet of commercial, office, research-and-development and retail space and is a project of McKellar Development of La Jolla.
The buildings were designed by HCH Associates, McKellar served as general contractor and is handling leasing, while Home Federal Savings & Loan provided construction financing.
Research Park Rising
Construction has begun on the $40-million, two-phase Sorrento Ridge Research Park on Nancy Ridge Drive at Carroll Canyon Road in Sorrento Mesa, San Diego, that will contain 17 research-and-development/industrial buildings totaling 400,000 square feet on completed in 1987.
Construction of the seven-building, 172,000-square-foot first phase began in early August and is scheduled for completion in February. The 10 buildings in the second phase, totaling 232,000 square feet, will go into construction in mid-1986 with completion planned in early 1987. The developer is the California Division of Cardon Meadows Development Corp., the designer is L. Owen Chrisman & Associates of San Diego, Grubb & Ellis Commercial Brokerage Services is leasing agent.
Research Site Bought
Four lots totaling 7 1/2 acres on the northeast corner of Miramar and Carroll roads in San Diego’s Miramar district have been bought by Texas-based Trammell-Crow/Centrepoint for $3,289,215 from Santa Fe Pacific Realty Corp.
Trammell-Crow has begun grading for a 155,000-square-foot, four-building research-and-development office project. Santa Fe was represented in the sale by John Burnham & Co. and Trammell-Crow by Coldwell Banker.
Headquarters Leased
Qualcomm Inc., a telecommunications equipment manufacturer, has signed a five-year, $350,000 lease for 6,000 square feet in the 60,000-square-foot, $6-million Greenwald/McDonald research-and-development building at 10555 Sorrento Valley Road, San Diego, and will move its headquarters there from temporary offices in La Jolla later this month.
Buildings Under Design
Design of the six-building second phase of Koll Co.’s Carlsbad Research Center has been started by Conwell-Marshall & Associates of Mission Valley, San Diego. Five of the dark-gray, one-story buildings will be multitenant light manufacturing facilities, the sixth will be for offices.
The phase will total nearly 90,000 square feet on about seven acres. Construction is scheduled to begin in October and be completed in February, 1986.
$13-Million Lease Signed
Gen-Probe Inc., has signed a $13-million, 10-year lease for a 68,500-square-foot, two-story research-and-laboratory building to be built in the Campus Point Business Park, on Campus Point Drive just east of Interstate 5 in San Diego’s Golden Triangle area.
The lessor, Asset Deployment Inc., a partnership with Thomas W. James, Malin Burnham and George Codling as general partners, bought the 3.3-acre site from the city of San Diego for $2 million, according to John Burnham & Co. Commercial Brokerage Division, which represented both Gen-Probe, a biomedical company, and Asset Deployment in both transactions.
Architect of the building is Gene Chapo, with Earl Walls Associates as consulting architect. The general contractor is Neilsen Construction Co., which has scheduled completion next spring.
Sublease Announced
Ford Aerospace has subleased 29,725 square feet of engineering and corporate office space at 17332 Von Karman Ave., Irvine, from the original sublessor, Alpha-Micro Systems, according to Daum Business Properties, which negotiated the transaction.
Aggregate value of the four-year lease will be $1,032,000, according to the Daum firm, a subsidiary of Los Angeles-based Daum Corp. Ford will use the site primarily for engineering and design of defense products.
