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Diagnostics Providers Lease New Carlsbad Facilities

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13.08.2020, 22:23

Diagnostics Providers Lease New Carlsbad Facilities

Cushman & Wakefield has brokered leases totaling over 100,000 square feet (sf) for diagnostics testing providers at the NorthPointe and Carlsbad Crossroads projects in Carlsbad (San Diego), California.

The tenants are GenMark Diagnostics, a leading provider of automated, multiplex molecular diagnostic testing systems, and COPAN Diagnostics Inc., the leading supplier of bacteriology swabs, viral transport media, VTM, and molecular transport systems in the world. Both companies are expanding their local real estate footprints.  

Carlsbad-headquartered GenMark Diagnostics leased a 73,057-sf freestanding building known as NorthPointe located at 6221 El Camino Real. The Class A facility is owned by LINK Industrial. Cushman & Wakefield’s Aric Starck and Dennis Visser represented the owner in the transaction. The deal was signed in July and will mark a significant expansion for GenMark in Carlsbad. NorthPointe consists of a Class A corporate headquarters and manufacturing facility positioned along a major thoroughfare and offering great visibility and accessibility and easy access to variety of amenities.  

COPAN Diagnostics (which stands for COllection and Preservation for Analysis) leased a 38,800-sf freestanding building known as Carlsbad Crossroads located at 2728 Loker Avenue West. The Class A property is owned by HG Fenton. Cushman & Wakefield’s Aric Starck, Dennis Visser, Weston Yahn and Melanie Haynes represented both owner and tenant in the transaction. The deal was signed in May and will signify an expansion for COPAN which is headquartered and also occupies multiple buildings in the nearby city of Murrietta (southern Riverside County). Carlsbad Crossroads represents a premier R&D / flex / manufacturing facility on an elevated lot with ocean views, outdoor amenity space, and walking distance to amenities.

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Aric Starck, Vice Chairman, comments: “Carlsbad is a highly sought-after coastal location for both occupiers and therefore investors and developers, especially for modern, high quality product.

“Both of these facilities are extremely attractive work environments that provide access to either on-site or walkable amenities, as well as surrounded by numerous corporate neighbors.”

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Staff Reporter

FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

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