WALNUT CREEK, Calif. – Sept. 27, 2022 – CBRE arranged a 12,000-sq.-ft. lease in Davis’ University Research Park for 21st.bio A/S. This is the first U.S. location for the Denmark-based life sciences company.
Josh Nelson and Jason Goff of CBRE represented the tenant, 21st.bio. Jim Gray and Nahz Anvary of Kidder Mathews represented the landlord, URP Investors.
“Life sciences and biotech activity in the San Francisco Bay Area has been robust, and this new lease in Davis underlines the growth of new hubs in Northern California. The location and functionality of the facility provided the client with a unique opportunity to establish their first dedicated U.S. R&D facility. They are ideally situated next to the University of California, Davis, giving them access to top talent in research and life sciences, while deepening the region’s expertise,” said Josh Nelson, first vice president at CBRE.
Located at 1940 Research Park Drive in Davis, Calif., the property was built in 2009 for office, life science and R&D use.
A new analysis conducted by CBRE earlier this year identified Sacramento as one of the top 25 life sciences research talent clusters, illustrating the growth of life sciences beyond the coastal research hubs for which it is mostly known.
“The professional support and strategic guidance from the CBRE team allowed us to move forward on this important endeavor for 21st.bio,” said Thomas Schmidt, co-founder and CEO of 21st.bio.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.