CBRE Arranges 62,737-SF Expansion for Myriad Genetics, Inc. at Airport Technology Park in Salt Lake City, UT

 

 Nadia Letey

 Salt Lake City, UT –– CBRE has arranged a 62,737-sq.-ft. office lease expansion for Myriad Genetics, Inc., a genetic testing company, at Airport Technology Park in Salt Lake City, Utah.

 CBRE’s Scott Wilmarth and Nadia Letey represented Myriad Genetics in the lease negotiations, partnering closely with Joe Romero, Myriad Genetics’ Vice President of Real Estate & Facilities. The landlord is Drawbridge Realty.

Scott Wilmarth 

The expansion follows Myriad Genetics’ 234,144-sq.-ft. lease at Airport Technology Park in 2023. The space serves as the company’s laboratory and support center.

 

"CBRE has consistently demonstrated their ability to understand our unique needs and navigate the complex world of lease transactions. Their deep industry knowledge and strategic approach have empowered us to secure the most advantageous deals for Myriad Genetics,” said Romero. “With CBRE as our trusted partner, we have the confidence that our lease transactions are in the hands of a dynamic team that delivers exceptional results."

 Joe Romero

“Having operated in Salt Lake City for more than 20 years, Myriad Genetics’ growth in the last decade is notable, and a prime example of how life sciences companies are tapping into the region’s robust and growing life sciences talent pool,” said Letey, Senior Vice President.

 

“Salt Lake City has experienced remarkable job growth in the life sciences sector, surpassing the national average in the past five years. This progress has not only impacted the local economy, but it is reflected in the success Myriad Genetics has had in Salt Lake City.”

Airport Technology Park, Salt Lake City, UT

Salt Lake City’s life sciences talent pool grew 32% between 2017 and 2022, the fifth-fastest growth rate of any major U.S. market, according to CBRE’s 2023 U.S. Life Sciences Research Talent report. As of April 2022, the metro has been home to the 20th-largest pool of life sciences research talent overall (4,440 employees), with life sciences talent researchers representing 0.7% of Salt Lake City’s total workforce.

 

Myriad Genetics occupies Building D at Airport Technology Park, which is located at 322 N. 2200 West.

 

 Contact: 

 

Becca Arriola

+1 602 735 5650

Becca.arriola@cbre.com