Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO-In a deal illustrating the whetted appetite for property that’s shelf-ready for the county’s booming biotechnology sector, a Torrance based biotech company has sold a 17,700-sf building at 6868 Nancy Ridge Drive in a deal valued at around $2.4 million.

A partnership of the Collins Land Company, Canta Rana Ranch and Willis M. Allen Sr., under the leadership of Sorrento Valley-based Collins Development Company, bought the building from Bachem Inc.

Bachem operated a peptides manufacturing plant at the site until late 2000. At that time, the Swiss firm purchased a larger peptide manufacturing business in San Carlos and the San Diego facility became surplus.The building will be renovated and suites will be built for biotech use and research.

Both parties were represented by Bill Haines and David Odmark of BRE Commercial/NAI. The title and escrow were handled by Mary Heath of Chicago Title’s Mission Valley office.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.