Newmark Grubb Knight Frank (NGKF) has completed a 10-year, 23,564-square-foot office lease on behalf of Lifewave, Inc. in San Diego. Lifewave will be relocating approximately 80 employees from its Kearny Mesa location totaling 20,000 square feet in June 2016.
Ron Magnaghi, senior managing director, at NGKF in the firm’s La Jolla office, represented the tenant, Lifewave, a health technology company. The landlord, HighBrook, was represented by Scott Kincaid of CBRE.
Lifewave will occupy 9775 Businesspark Avenue in its entirety. The two-story property is part of a recently renovated, two-building boutique office campus called Scripps Collection, which totals approximately 50,000 square feet. The property offers outdoor meeting areas, monument signage and a strategic location near major transportation corridors including 163, 56, 52, and the 15 freeway. It also offers convenient access to surrounding residential communities, restaurants, hotels, and retail amenities.
“This property was a great fit for Lifewave’s culture and expansion,” said Magnaghi. “It offered my client newly renovated and updated space, strong layout efficiency, an ideal location, and a high level of building identity.”
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.