Healthpeak Properties, Inc. announced that it will proceed with the densification of its Callan Ridge campus located at 3020-3030 Callan Road in the Torrey Pines submarket of San Diego. The project will nearly double the current leasable area by replacing an outmoded 90,000 square foot building with a new Class A two-building campus totaling approximately 185,000 square feet. Located in the heart of Healthpeak’s 20+ acre Torrey Pines Science Park, Callan Ridge will feature stunning architecture, a green roof viewing deck with unparalleled coastal and canyon views, as well as flexible floor plates and building systems designed to support life science uses.
“We are extremely excited to kick off this incredible project and continue to contribute to San Diego’s world-class life science ecosystem,” said Michael Dorris, Healthpeak’s Senior Vice President and Co-Head of Life Science.
Healthpeak is a pioneer in San Diego life science real estate with a track record of serving life science tenants for nearly 20 years. Callan Ridge will be Healthpeak’s second ground-up development start in the Torrey Pines submarket since 2020, following its leasing success at The Boardwalk, which is now 100% committed and anticipated to be delivered for initial occupancy in 4Q 2021.
ABOUT HEALTHPEAK
Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns and develops high-quality real estate in the three private-pay healthcare asset classes of Life Science, Medical Office and CCRCs. At Healthpeak, we pair our deep understanding of the healthcare real estate market with a strong vision for long-term growth. For more information regarding Healthpeak, visit www.healthpeak.com.
CONTACT
Andrew Johns
Vice President – Corporate Finance and Investor Relations
720-428-5400