DiscoveRx Signs 5 Year, $1.5 Million Lease at Sorrento West Life Science Park

Cassidy Turley BRE Commercial Facilitates Transaction

Published on December 07, 2010

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SAN DIEGO (December 7, 2010) – Cassidy Turley BRE Commercial, San Diego’s market leader in commercial real estate services, today announced that DiscoveRx has signed a 60 month lease valued at $1.5 million for laboratory space in the Sorrento West Life Science Park.

The lab space, located at 11180 Roselle Street in Sorrento Valley, totals 14,263 square feet and is owned by BMR Sorrento Valley LLC.

DiscoveRx recently purchased Ambit Biosciences’ kinase profiling service business. Upon completion of the sale, DiscoveRx moved from their home within Ambit’s building to the new facility on Roselle Street.

Brian Starck and Dave Odmark of Cassidy Turley BRE Commercial represented DiscoveRx in the transaction. Grant Shoneman and Chad Urie of Jones Lang LaSalle represented BMR Sorrento Valley LLC in the transaction.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with over 2,800 professionals in 60 offices nationwide. The firm completed transactions valued over $13 billion in 2009, manages over 420 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, corporate services, project leasing, property management, project and development services, and tenant representation. Outside of North America, Cassidy Turley has served the international needs of its clients since 1985.  In 2010, the firm enhanced its global service delivery through its partnership with GVA Grimley. The firm recently ranked in the Top 10 on the Lipsey Co.’s Commercial Real Estate Top Brands Survey, and was ranked #1 by Real Estate Alert for Office Sales in 3 of the Top 6 Markets.  Please visit www.cassidyturley.com for more information about the company.

Cassidy Turley provides regional real estate services with local San Diego market leader Cassidy Turley BRE Commercial. The company’s dominant market presence includes more than 160 professionals and staff in five local offices and recorded over $800 million in transactions in 2009. For more information about Cassidy Turley BRE Commercial, please visit www.brecommercial.com.

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