{"id":1004713616,"date":"2024-05-15T02:34:18","date_gmt":"2024-05-15T10:34:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004713616"},"modified":"2024-05-15T03:12:49","modified_gmt":"2024-05-15T11:12:49","slug":"drawbridge-lands-63-ksf-life-science-lease-expansion","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/drawbridge-lands-63-ksf-life-science-lease-expansion\/","title":{"rendered":"Drawbridge Lands 63 KSF Life Science Lease Expansion"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004713617\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/drawbridge-lands-63-ksf-life-science-lease-expansion\/airport-technology-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Airport-Technology-Park-e1715766071695.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Airport Technology Park\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Airport Technology Park spans 1.4 million square feet across 79 acres. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Airport-Technology-Park-e1715766071695.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Airport-Technology-Park-e1715766071695.jpg\" alt=\"Airport Technology Park\" class=\"wp-image-1004713617\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Airport-Technology-Park-e1715766071695.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Airport-Technology-Park-e1715766071695.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Airport-Technology-Park-e1715766071695.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Airport Technology Park&#8217;s Building D spans nearly 320,000 square feet. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Drawbridge Realty has secured a 62,737-square-foot lease expansion at Airport Technology Park in Salt Lake City. Testing laboratory company Myriad Genetics grew its life science R&amp;D footprint by roughly 25 percent to a total of 296,881 square feet. CBRE represented the tenant.<\/p>\n\n\n\n<p>The park&#8217;s Building D houses Myriad Genetics\u2019 laboratory and support center is in Building D at the park. The company initially leased 234,144 square feet at the property in 2022. <\/p>\n\n\n\n<p>Building D spans nearly 320,000 square feet and came online in 1959. In 2022 it became subject to a $49.4 million loan from Global Atlantic Financial Group, according to CommercialEdge data.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/attracting-life-science-tenants-in-core-markets\/\">Attracting Life Science Tenants in Core Markets<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Airport Technology Park spans 1.4 million square feet across eight buildings. The anchor tenant at the 79-acre property is L3 Harris. <\/p>\n\n\n\n<p>Located at 322 N. 2200 W., Building D is adjacent to Salt Lake City International Airport. It is next to Interstate 215, close to the intersection with Interstate 80 and roughly 5 miles west of downtown Salt Lake City.<\/p>\n\n\n\n<p>CBRE Executive Vice President Scott Wilmarth and Senior Vice President Nadia Letey represented Myriad Genetics in the expansion.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-drawbridge-realty-s-varied-national-portfolio\">Drawbridge Realty&#8217;s varied national portfolio<\/h2>\n\n\n\n<p>Drawbridge Realty operates a 48-building portfolio across 12 markets. The company has a total footprint of 6.1 million square feet, consisting of single-tenant office, R&amp;D, life science and industrial assets.<\/p>\n\n\n\n<p>Last year, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/drawbridge-inks-long-term-lease-at-denver-office-campus\/\">secured a 69,154-square-foot lease in Greenwood Village<\/a>, Colo., near Denver, with engineering and architecture firm Merrick &amp; Co. The tenant committed to 12 years at one of the five buildings in the Greenwood Corporate Plaza suburban office park.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tenant brought its Salt Lake City footprint to more than 290,000 square feet.<\/p>\n","protected":false},"author":3120,"featured_media":1004713617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21742,21747,1606,51973],"tags":[32789,37444,35510],"class_list":["post-1004713616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-latest","category-office","category-salt-lake-city","category-southwest","tag-cbre","tag-drawbridge-realty","tag-global-atlantic-financial-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Drawbridge Lands 63 KSF Life Science Lease Expansion - 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