Building One of the Nexus University City Science Center, currently under construction at the northwest corner of La Jolla Village Drive and Interstate-805, is ready for tenant improvement work. Nexus University City Science Center is a two-building biotech/R&D development, totaling approximately 161,871 square feet, located in the heart of the UTC life science cluster. Building One totals 58,924 square feet.
"There hasn't been a premier life science development like this in UTC since the Nexus Technology Center was built 20 years ago a few blocks away," said Michael Reidy of Colliers International, a member of the leasing team. "The new science center's building shell and core are designed to specifically accommodate the needs of biology and chemistry laboratory users who require highly efficient, flexible, cost-effective shell space to suit their operations," added Reidy.
The new development offers secured space suitable for vivarium, computer lab, NMR rooms and ancillary uses. Building features include a dramatic window line; high-image building signage; subterranean and surface parking; multiuse, central outdoor courtyard that integrates interior and exterior spaces; and bicycle storage.
Prominently visible from I-805 as well as La Jolla Village Drive, the new project is within walking distance of the Westfield regional shopping mall, recently designated for a $900 million redevelopment, more than 10,000 high-end apartment homes, recreational amenities, community services and public transportation.
"Nexus Science Center offers tenants the ideal UTC lifestyle -- a truly unique, upscale professional, academic, scientific and residential community environment," Reidy said.
The project architect is Pacific Cornerstone Architects, noted for its expertise in the design of biotech buildings as well as biotech tenant improvements and space planning.
San Diego-based Nexus Properties Inc. is the project developer. The independent commercial real estate developer has developed 550,000 square feet of "ground-up" biotech and R&D facilities within three blocks of the Science Center project.
Leasing the project on behalf of Nexus are Tom Mercer, Chad Urie and Michael O. Reidy of Colliers International.
The UTC life science real estate market consists of approximately 1.55 million square feet of existing laboratory space.
"Tenant demand for this product type in the UTC market has been historically strong," said Tom Mercer, a senior vice president with Colliers International. "The vacancy rate for lab space here is less than 4 percent."
Submitted by Colliers International