GPI Companies completes development of new 114,000 sf, Nine-story building for University of California, San Diego

Villa La Jolla Drive, a new 9-story,
 114,000-square-foot state-of-the-art
academic facility in San Diego, CA.

SAN DIEGO, CA – GPI Companies, in partnership with University of California, San Diego, has completed development of 8980 Villa La Jolla Drive, a new 9-story, 114,000-square-foot state-of-the-art academic facility prominently located at the corner of La Jolla Village Drive and Villa La Jolla Drive in San Diego, California.

 

The new building is directly across from the University and serves as a gateway to the main campus. It includes academic, administrative, and research space and will be a hub for students, faculty, and patients and the home for various programs offered by UC San Diego Health Sciences and UC San Diego Division of Extended Studies.

Designed by Gensler’s San Diego office and built by Swinerton Builders as the general contractor, the new building is managed by JLL.

The 8980 building achieved LEED silver status and features dynamic contemporary architecture, abundant indoor-outdoor space on all levels, high ceilings, and large windows to bring in natural light. 

 It also provides ample dedicated parking. The ground floor of the building will be home to Bird Rock Coffee Roasters, one of San Diego’s most popular cafes. 

AJ Taylor

“This exciting project was made possible through an innovative public-private partnership between GPI Companies and UC San Diego,” said AJ Taylor, Director at GPI Companies.  “Despite a challenging construction climate, our collaboration with UC San Diego improved efficiency, reduced costs, and drove schedules.”

Lee Wagman, Managing Partner at GPI, added that “the entire team that was engaged in this project delivered extraordinary results, and we are immensely proud to have developed this exquisite building. The project is a great addition to this world-class University.”

8980 Villa La Jolla Drive completes GPI’s expansion and renovation of its five-building seven-acre campus which was recently renamed the” La Jolla Wellness Center.”

Lee Wagman

 The property is conveniently located just west of the I-5 Freeway and close to the UTC Transit Station, and it is connected by bridge to the University.

 

 The entire University City area has become renowned as the home to many bio and life science companies, new housing, and outstanding retail and restaurants.

 

The building is also situated in close proximity to Scripps Memorial Hospital, Birch Aquarium, the UTC Mall, Torrey Pines, , and the Salk Institute..

 

CONTACT:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

LEE & ASSOCIATES CHARLOTTE TRANSITIONS FROM A SATELLITE OFFICE TO A FREESTANDING OFFICE

From left:  Greg Pieratt, Jack McDermott, Liss Kipp, Phillip Mugrage, Tess Powell, Matt Frazee, Khaliid Scott, Esteban Valverde, Travis Wood, Frank Gyorody, Alyssa Ivy, Huck Broyles, and Nick Lancetti; Not Pictured: Eric Powers

 

CHARLOTTE, NC – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced their Charlotte, NC office has transitioned from a satellite office to a freestanding office, granting them access to Lee & Associates unique capital structure benefits. 

Greg Pieratt

Lee & Associates Charlotte is led by Greg Pieratt, SIOR, who serves as president. Since the satellite office opened in March of this year, the office has executed an aggressive growth strategy. 

"I am incredibly proud of our rapid progress. In just four months, we have grown from a one-person satellite office to a 15-person, fully functioning brokerage firm.

"We have successfully established a healthy and vibrant office culture, which was one of our key goals. The swift growth of the Lee & Associates Charlotte office highlights the strong demand for our broker-owned platform, the excellent brand awareness from our neighboring Lee & Associates offices, and the hard work and collaboration of many individuals,” said Pieratt.

 

Jeffrey Rinkov

"Our expansion into the Charlotte market is a great example of the importance and emphasis we place on the Southeast region. While Charlotte is a large, dynamic, and opportunity-filled market, I am truly enthusiastic and excited about our leadership and the large founding group," said Lee & Associates CEO, Jeffrey Rinkov, SIOR.

Lee & Associates has established an emphasis on expansion. New office locations in the last five years include Tampa Bay, FL; Lafayette, LA; Lincoln, NE; Western Pennsylvania; Central California; Kansas City, KS; Baton Rouge, LA; Calgary, AB; Nashville, TN; Los Angeles – Downtown, CA; San Francisco, CA; Omaha, NE; Naples, FL; Washington, DC; Boston, MA; and Toronto, ON.

Contact:

 

Pamela Murphy Indihar
Lee & Associates
(832) 315-0219
pmurphy@lee-associates.com

 

Advanced pharmaceutical facility in Raleigh-Durhams, NC sells

 

 Sarah Holloway

 RALEIGH, NC, July 19, 2024 – JLL Capital Markets brokered the sale of 4018 Stirrup Creek, a 95,620-square-foot, state-of-the-art contract development and manufacturing facility located in Raleigh-Durham, North Carolina.

Ryan Clutter

JLL represented the seller, Stirrup Creek LLC. A joint venture between South Duvall and Alidade Capital acquired the property.

 

Built in 2017, the fully leased facility serves as the headquarters and primary manufacturing site for MedPharm, a leading contract development and manufacturing organization (CDMO) in topical drug delivery systems.

 

Strategically located adjacent to Research Triangle Park, the geographic epicenter of North Carolina’s life sciences industry, the facility is proximate to a highly educated workforce, executive housing and major life science companies.

Daniel Flynn

Its proximity to Interstate 40 and 540 ensures easy access throughout the Triangle region and is only 10 minutes from Raleigh-Durham International Airport. The location also offers convenient access to dining, shopping and entertainment options such as The Hub RTP.

 

CJ Liuzzo

The JLL Capital Markets team representing the seller included Senior Managing Director Ryan Clutter, Senior Director Daniel Flynn, Director CJ Liuzzo, Associate Sarah Holloway and Analyst Chris Walker.

 

JLL Capital Markets team of Senior Managing Director Jim Meisel, Senior Director Dave Baker and Analyst Chetan Dokku arranged the joint venture between South Duvall and Alidade Capital.

 

Chris Walker

According to JLL’s 2023 Life Sciences Industry and Perspective Report, Raleigh-Durham ranked in the top five life science clusters in the United States. The market is strengthened by its leading presence within the biomanufacturing sector, critical mass of skilled workers and contributions from three tier-one universities, resulting in a robust innovation ecosystem appealing to startups and mature companies alike.  

Jim Meisel

“The life science investment landscape has changed dramatically over the past 18 months however, 4018 Stirrup Creek provided a unique opportunity to acquire a state-of-the-art CDMO facility with stable, long-term cash flow to a reputable tenant,” said Flynn.

“Raleigh-Durham remains a #1 target for investors and tenants focused on biomanufacturing, “tough tech” uses and other transformative technology with access to a unique highly trained workforce.”

 

Dave Baker

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.

 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

Chetan Dokku 

For more news, videos and research resources, please visit JLL’s newsroom.

 

 Contact:

Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com