Healthpeak Properties Secures Full-Campus Lease in San Diego
Turning Point Therapeutics has leased the 185,000-SF Callan Ridge campus, which is currently under construction in Healthpeak Properties’ Torrey Pines Science Park.
SAN DIEGO, CA – Turning Point Therapeutics Inc. has signed a long-term lease for the entire Callan Ridge densification project, which is located in Healthpeak Properties Inc.’s more than 20-acre Torrey Pines Science Park in San Diego’s Torrey Pines submarket.
Upon construction competition, Callan Ridge will be a 185,000-square-foot, two-building campus. The class A campus will feature flexible floorplates, as well as building systems designed to support life science uses.
Turning Point Therapeutics’ lease is expected to commence upon construction completion of Callan Ridge, at the end of 2022.
Within Torrey Pines Science Park, the Callan Ridge project will replace an outmoded 90,000-square-foot building, and will more than double the current leasable area.
“We are excited to welcome Turning Point to our San Diego portfolio,” states Michael Dorris, SVP and co-head of life science at Healthpeak Properties. “Turning Point selected Callan Ridge as their new headquarters due to its location in the heart of Torrey Pines Science Park, unique architecture featuring a green roof, and numerous on-site amenities.”
Callan Ridge represents Healthpeak Properties’ second ground-up development in the Torrey Pines submarket since 2020. The company has served life science tenants in San Diego for nearly 20 years.