Schramm calls the 75,160-sf deal "the final piece in the puzzle which began last yearwhen we represented Invitrogen in the lease of its 330,000-sf headquarters." Schramm was part of a Studley team including executive vice president Kelly Givens and corporate managing director Jeff Cannon from the Orange County office as well as Brian P. Ffrench, senior vice president and San Diego branch manager, who represented Invitrogen. The building's landlord, Mararick LLC, was represented by Matt Strockis of Burnham Real Estate Services.

Invitrogen occupies three additional buildings close to its headquarters on Faraday Avenue. The company will begin a full transition to 5791 Van Allen Avenue over the next two quarters.

According to Mark Smedley, Invitrogen's vice president for global operations, the move to the new building in Carlsbad represents another step in the company's strategic plan for consolidating facilities to optimize leases and improve efficiencies. The plan is expected to take three to five years to execute.

Invitrogen provides products and services that support academic and governmentresearch institutions and pharmaceutical and biotech companies worldwide. The company provides essential life science technologies for disease research, drugdiscovery, and commercial bioproduction.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.