Healthpeak Properties says it will commence construction of its Sorrento Gateway development in the Sorrento Mesa submarket of San Diego.
The Class A development will consist of a five-story building totaling approximately 163,000 sq. ft. located adjacent to Healthpeak’s fully-leased three-building, 196,000 sq. ft. Sorrento Gateway campus.
The purpose-built lab building will feature cutting edge design, expansive views, excellent I-805 freeway accessibility, flexible and efficient floor plates, and access to fitness and dining amenities.
The project is expected to break ground in the third quarter of 2021 and is anticipated to be delivered for initial occupancy in the first quarter 2023.