|
To develop a fully integrated, state-of-the-art new
facility to house the testing laboratory and all executive
administration functions under one roof. The successful
IPO of Specialty Laboratories and the tremendous growth
of their highly specialized testing services required
that they develop a sophisticated headquarters capable
of delivering an image for securing new contracts with
their growing client base.
Upon completion of the new facility, Specialty Laboratories
will have the capacity to increase their daily “throughput”
of tests and associated revenue by 300%.
In December of 2001 we closed escrow on 13.78 acres
in Valencia. CresaPartners, acting as the Project Manager,
then oversaw the design, construction and occupancy
of a new 200,000 sf build-to-suit. The project is regarded
as one of the highest profile laboratory facilities
in the greater Los Angeles area. The program confirms
the client’s desire to be capable of processing
over three times the testing volume currently being
generated by their existing facility.
Upon completion of construction, the CresaPartners Capital Markets Group represented Specialty
Laboratories in the negotiation of a $47M sale/lease-back
with an institutional buyer under very favorable terms.
Specialty Laboratories completed its phased occupancy
of the new project in the summer of 2004.
|
Home
Case Studies 
News
Tenant's Guide
