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CBRE wins $1.1 million SF lab, office portfolio leasing assignment

The San Diego office of Los Angeles-based CB Richard Ellis (NYSE: CBG) has won the leasing assignment for a 1,100,000 square foot, class A office and laboratory building portfolio owned by HCP, Inc.

The HCP San Diego lab portfolio consists of 18 buildings, including 13 in the Torrey Pines submarket, three in the UTC submarket and two in Sorrento Mesa. Space is available in sizes ranging from 1,500 square feet up to 82,000 square feet. The portfolio contains lab, office and research and development space. In addition to class A interior improvements, portfolio amenities include on-site dining, fitness facilities, walking trails and 24/7 security.

HCP is the largest publicly-traded (NYSE:HCP) real estate trust focused on the healthcare industry and is a member of the S&P 500. Established in 1985, HCP owns more than 1,000 properties in 42 states across various property types, including life science, office, medical office, senior housing, hospitality and skilled nursing.

Mike Dorris, director of life science estates at HCP, said that hiring CBRE to provide leasing services “will allow HCP to leverage internal resources and expand our access to new relationships and investment opportunities in San Diego.”

“This assignment cements our company’s reputation as the premier life sciences real estate services provider in San Diego and we are grateful to HCP for what we consider a huge vote of confidence in our abilities,” said Mark Read, senior managing director for CBRE.

Richard Danesi, Jed Stirnkorb and Ryan Egli of CBRE will provide day-to-day leasing and transaction management services for the portfolio.

About CB Richard Ellis CB Richard Ellis Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at cbre.com. -Submitted by CB Richard Ellis.

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