The 180,000-sf campus is a joint venture of Parker Properties and Pacific Coast Capital Partners, which bought the asset earlier this year and has since worked on upgrading it and marketing it to new tenants. It consists of three two-story office buildings on approximately 10 acres at 27202, 27220 and 27240 Turnberry Lane.
Qiagen now becomes the largest tenant in the project, joining Beazer Homes, the California Department of Consumer Affairs, Crown Management, and United PacificMortgage, which have signed leases for a combined total of more than 23,000 sf. All of the new tenants are scheduled for move-in within the fourth quarter, with renovations to the property scheduled for completion by late October.
Byron Hewett, SVP and general manager of North America for Qiagen, says the biotech firm chose its new space because it was looking for a place where it could develop a custom-built call center for its remote customer contact operations.
Doug Marlow and David Solomon of CB Richard Ellis represented the building owners in the Qiagen transaction and the other leases, with Bruce Simpson of Delphi Business Properties representing Qiagen; Kevin Duffy of CBRE representing the California Department of Consumer Affairs; Barbara Emmons and Katharine Laquer of CBRE representing Crown Management; and Nancy Stark of CBRE representing United Pacific Mortgage.
Russ Parker, principal of Parker Properties, says the owners have spent nearly $1 million to date on exterior and interior improvements. The changes include new ceramic tile flooring and refinished walls and staircases in the building lobbies; exterior building upgrades featuring extended canopy entrances, newly painted buildings with natural colors, architectural design elements; and inviting outdoor people spaces where companies and their employees can hold meetings.
Aliso Viejo-based Parker Properties and Pacific Coast Capital Partners purchased the project from General American Life Insurance Co. in March.
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