A two-story Sorrento Mesa life science building has been sold for $43.2 million.
The 81,976 square-foot building at 10222 Barnes Canyon Road is fully leased to Invivoscribe Technologies and Crinetics Pharmaceuticals.
The buyer was TH Realty.
The seller was Bollert/LeBeau.
The property recently underwent $17 million in renovations that included a new façade and window line, upgraded landscaping and removal of interior improvements to create Class A life science labs and office space.
“The building potential was apparent. We knew the interior clear heights would make for fantastic open office and lab space and give us the flexibility to respond and appeal to a variety of life science tenants,” said Steve Bollert, president of Bollert/LeBeau.
Bob Prendergast, Lynn LaChapelle, Sach Kirpalani and John Morrison of JLL represented the seller.
TH Realty represented itself.