Drawbridge Lands 63 KSF Life Science Lease Expansion
The tenant brought its Salt Lake City footprint to more than 290,000 square feet.
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&D footprint by roughly 25 percent to a total of 296,881 square feet. CBRE represented the tenant.
The park’s Building D houses Myriad Genetics’ laboratory and support center is in Building D at the park. The company initially leased 234,144 square feet at the property in 2022.
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.
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Airport Technology Park spans 1.4 million square feet across eight buildings. The anchor tenant at the 79-acre property is L3 Harris.
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.
CBRE Executive Vice President Scott Wilmarth and Senior Vice President Nadia Letey represented Myriad Genetics in the expansion.
Drawbridge Realty’s varied national portfolio
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&D, life science and industrial assets.
Last year, the company secured a 69,154-square-foot lease in Greenwood Village, Colo., near Denver, with engineering and architecture firm Merrick & Co. The tenant committed to 12 years at one of the five buildings in the Greenwood Corporate Plaza suburban office park.
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