CP Kelco Renews Lease for Kearny Mesa R&D/Lab Space
SAN DIEGO – (April 29, 2016) – Atlanta, Georgia-based CP Kelco, a leading hydrocolloid producer, has inked a lease deal with building owner Westcore Properties for five more years at the Kearny Mesa R&D/lab property located at 8225 Aero Drive. The total consideration amount is $2.5 million.
CP Kelco occupies 100 percent of the 27,605-square-foot building. CP Kelco’s key product lines are the polymers xantham gum, pectin, cellulose gum, gellan gum, carrageenan and more.
“We’re proud to have a tenant that’s supplying such widely-used components for food items, personal care products, pharmaceuticals and much more,” said Lauren Suazo, Director of Leasing at Westcore Properties. “The San Diego R&D and life science property market is strong because of industry leaders like CP Kelco that continue to choose and reaffirm their commitments to San Diego.”
Mike Labelle with Savills Studley represented CP Kelco in the transaction.