SAN DIEGO – Cassidy Turley San Diego, the local market leader in commercial real estate services, today announced that Scripps Health has extended and expanded its lease at Lomas Pacific I in Kearny Mesa.
Scripps Health, a private and nonprofit health system, extended its lease for seven years for 25,996 square feet of office space at Lomas Pacific I. The company also expanded their space by 8,453 square feet which is expected to be ready for occupancy on August 1, 2012. Scripps Health’s total square footage leased in Lomas Pacific I is 34,450.
Lomas Pacific I, located at 9619 Chesapeake Drive, is part of a two-building office project - Lomas Pacific I and II - totaling 88,025 square feet. It is prominently located at the corner of Chesapeake Drive and Farnham Street. The property’s ideal location provides tenants with immediate freeway access via Interstate 15 and Highway 52 and is within close proximity to many retail amenities.
Scripps Health has been a tenant in Lomas Pacific for several years. Upon signing this recent extension and expansion lease, the company now occupies 80 percent of the building and the Lomas Pacific project is now 100 percent occupied. Additional tenants include Health Care Group, Tranzeo Wireless Technologies and Prommis Solutions.
Jack Kruger and Duncan Dodd, SIOR of Cassidy Turley represented the landlord, Lomas Pacific I, LLC, in the transaction. Brian Gallagher with Healthwest Realty Advisors represented Scripps Health.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,600 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside of North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.
Cassidy Turley provides regional real estate services with local market leader Cassidy Turley San Diego. The company’s dominant market presence includes more than 160 professionals and staff in five local offices and recorded more than $1.2 billion in transactions in 2011. For more information about Cassidy Turley San Diego, please visit www.cassidyturley.com/sandiego.