AGENDA
ECONOMIC DEVELOPMENT AND TECHNOLOGY COMMITTEE
MEETING NOTICE
JULY 19, 2022
PUBLIC MEETING 5:30 P.M.
MEMBERS
Tyron Hampton, Chair District 1
Steve Madison, District 6
Andy Wilson, District 7
Jessica Rivas, District 5
STAFF
David A. Klug, Economic Development Director
Dion O’Connell, Deputy City Attorney
Garrett Stevenson, Recording Secretary
MISSION STATEMENT
The City of Pasadena is dedicated to delivering exemplary municipal services, responsive to our entire community and consistent
with our history, culture and unique character.
In compliance with the Americans with Disabilities Act of 1990, Assistive Listening Devices are available at all Pasadena City Council meetings. Assistive Listening headphones and neckloops can be checked out
20.20000 at the desk of the Sergeant-at-Arms, located inside the City Council Chambers.
Language translat
ion services are available for this meeting by calling
(626)744-4124 at least 24 hours in advance.
Habrá servicio de interpretación disponible para éstas juntas llamando al (626)744-4124 por lo menos con 24 horas de anticipación.
Meetings are broadcast live on cable Channel 3 and on the Internet at http://pasadena.granicus.com/mediaplayer.php?camera_id=2&publish_id=9 and https://www.pasadenamedia.org/watch/ (Click on Video Streamlining on the right side of the screen).
Items on the agenda may
not be called in order listed. Agendas and supporting documents are available on the Internet at
https://www.cityofpasadena.net/commissions/city-council-economic-development-technology/ Material
s related to an item on this Agenda submitted to the Economic Development and Technology Committee after distribution of the agenda packet will be posted online.
THE ECONOMIC DEVELOPMENT AND TECHNOLOGY COMMITTEE MEETING FOR JULY 19, 2022 AT 5:30 P.M. WILL TAKE PLACE SOLELY BY VIDEOCONFERENCE/ TELECONFERENCE.
City Council Meeting Policy:
www.cityofpasadena.net/city-clerk/wp-content/uploads/sites/21/City-Council- Meeting-Policy.pdf
TO ACCESS THE MEETING:
http://pasadena.granicus.com/MediaPlayer.php?publish_id=9 AND
WWW.PASADENAMEDIA.ORG
In order to facilitate public participation at meetings held solely by electronic means, the City will accept public comment in the following manner:
1. Dur
ing the meeting, members of the public may provide live public comment by submitting a speaker card prior to the start of public comment on that item, at the following webpage:
www.cityofpasadena.net/commissions/public-comment
After submitting a public speaker card, join the virtual meeting at the published start time with a computer, other electronic device, or by telephone. The same name or telephone number on the Speaker Card must be used for the virtual meeting in order to locate and unmute the speaker.
Computer or electronic devices, join the meeting at:
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Telephone only dial-in: 1-669-900-6833, Meeting ID: 161 482 446
2. Members of the public may submit correspondence of any length prior to the start of the meeting, at the following email address:
gstev
[email protected]
Corr
espondence will be forwarded to the legislative body prior to the start of the meeting.
3. If assistance is needed by phone, please call the City Clerk's Office at:
(626) 744-4124.
IF YOU NEED A REASONABLE MODIFICATION OR ACCOMMODATION
PURSUANT TO THE AMERICANS WITH DISABILITIES ACT
BECAUSE YOU ARE UNABLE TO PARTICIPATE ELECTRONICALLY AS SET FORT
H ABOVE, CONTACT THE CITY CLERK’S OFFICE
AS SOON AS POSSIBLE AT (626) 744-4124 OR
[email protected]
ECONOMIC DEVELOPMENT DIVISION
Off ice of th e Ctty Man age r
CITY OF PASADENA
NOTICE OF MEETING
OF THE ECONOMIC DEVELOPMENT AND TECHNOLOGY COMMITTEE
JULY 19,2022
PUBLIC MEETING: 5:30 P.M.
Note to the Public: City Hall is closed to the public until further notice.
NOTICE IS HEREBY GIVEN that the meeting of the Economic Development and Technology Committee will be held by video conference on Tuesday, July 19, 2022 at 5:30 p.m., to discuss matters on the attached agenda. This virtual meeting is held pursuant to Executive Order N-29-20 issued by Governor Gavin Newsom.
Tyron Hampton, Chair
Economic Development and Technology Committee
I HEREBY CERTIFY that this agenda in its entirety, was posted on the Internet at www.cityofpasadena.net/commissions/city-council-economic-development-technology/ and on the Council Chamber Bulletin Board, Room S249, and the Bulletin Board in the rotunda area; City Hall, 100 North Garfield Avenue, this 14tl1 day of July 2022 by 4 p.m. and that copies hereof were faxed, emailed or delivered to each member of the City Council and to each local newspaper of general circulation, radio or television station requesting notice in writing, all of which recipients are identified on the distribution herein below.
DISTRIBUTION:
City Council
City Manager
City Attorney
Public Infonnation Officer
Pasadena Weekly
Pasadena Independent
Los Angeles Times
Pasadena Journal
Pasadena Now
Pasadena Star News
La Opinion
Karina Antoine, Posting Secretary
Economic Development and Technology Committee
In compliance with the Americans with Disabilities Act of 1990, listening assistive devices are available from the City Clerk's Office wit11 a 24-hour advance notice.
Please call (626) 744-4124 to request use ofa listening device. Language translation services may be requested with 24-hour advance notice.
Habra servicio de interpretacion disponible para es/as juntas 1/amando al (626) 744-4124 par lo menos con 24 horas de anticipaci6n
100 North Garfield Avenue, 4th Floor · Pasadena, CA 91101 1726 (626) 744 4660 Fax (626) 744 4773 www cttyofpasadena net
MEETING AGENDA
ECONOMIC DEVELOPMENT AND TECHNOLOGY COMMITTEE
JULY 19, 2022
Public Meeting: 5:30 P.M.
Council Chamber, Pasadena City Hall
100 North Garfield Avenue, Room S249
PUBLIC MEETING – 5:30 P.M.
ROLL CALL
PUBLIC COMMENT – LIMITED TO ITEMS ON THIS MEETING AGENDA AND WILL
BE HEARD AT THE TIME THE ITEM IS CONSIDERED
APPROVAL OF MINUTES
APRIL 19, 2022- CANCELLED MEETING*
APRIL 27, 2022- SPECIAL MEETING*
MAY 3, 2022- SPECIAL MEETING*
NEW BUSINESS
INFORMATION ONLY
1. ECONOMIC DEVELOPMENT UPDATE*
2. PASARROYO IMPROVEMENTS PRESENTATION*
ADJOURN
*Attachment
04/19/2022
CITY OF PASADENA
ECONOMIC DEVELOPMENT AND TECHNOLOGY COMMITTEE MINUTES
PASADENA CITY HALL
100 NORTH GARFIELD AVENUE
COUNCIL CHAMBER – ROOM S249
APRIL 19, 2022
MEETING
The meeting of the Economic Development and Technology
Committee, scheduled for Tuesday, April 19th , 2022 at 4:00 p.m., was cancelled due to lack of quorum.
ATTEST:
____________________
Garrett Stevenson
Recording Secretary
_________________________________
Tyron Hampton, Chair
Economic Development and Technology Committee
01 04/27/2022
CITY OF PASADENA
ECONOMIC DEVELOPMENT AND TECHNOLOGY COMMITTEE MINUTES
APRIL 27, 2022 – 5:30 P.M.
CITY HALL, COUNCIL CHAMBER
SPECIAL MEETING
The meeting was convened and held virtually by videoconference/teleconference.
OPENING The Chair called the special meeting of the Economic Development and Technology Committee to order at 5:34 p.m.
ROLL CALL:
Staff:
Councilmember Tyron Hampton, Chair
Vice Mayor Andy Wilson
Councilmember Steve Madison (Arrived 5:38)
Councilmember Jessica Rivas
David Klug, Acting Economic Development Manager
Ruth Martinez, Project Manager
Dion O’Connell, City Attorney
Garrett Stevenson, Recording Secretary
It was moved by Vice Mayor Wilson, seconded by Councilmember Rivas, to approve the minutes of February 15, 2022 and March 15, 2022 as submitted:
AYES: Councilmembers Rivas, Vice Mayor Wilson, Chair Hampton NOES: None
ABSENT: Councilmember Madison
ABSTAIN: None
INFORMATION ITEMS ECONOMIC DEVELOPMENT UPDATE
Councilmember Madison
joined the meeting at 5:38
p.m.
David Klug, Acting Economic Development Manager, and Ruth Martinez, Project Manager, provided an update on the Economic Development Division’s on -going efforts to retain Pasadena’s existing business and recruiting of new businesses, which included outreach efforts and responded to the following questions:
In reference to the Economic Development Update Memorandum, Vice Mayor Wilson asked staff to create a month -to-month graph or table of business outreach efforts by staff.
Mr. Klug highlighted that st aff has been working with the planning department and fire department to understand and remove restrictions and barriers that life science businesses are facing regarding expansion. In response, Chair Hampton requested these findings be brought back to the committee. In addition, he recommended presenting the advertisements included in the staff memo in a PowerPoint presentation to give a visual aid to community members who are watching the meeting.
Following a brief discussion, on the order of the Chair, and by consensus of the Committee, the information was received and filed.
02 04/27/2022
XENCORE, INC PRESENTATION
David Klug, Acting Economic Development Manager, provided introductory comments, and responded to questions.
John Cach, CFO of Xencore, Inc., presented a PowerPoint presentation on the item, and responded to questions.
Chair Hampton asked staff to look at other cities such as San Diego to find ways to speed up the permitting process. The Chair also recommended Economic Development staff reach out to California Technical Institute graduates to encourage tech startups to stay in Pasadena.
Vice Mayor Wilson explained that life sciences will likely move into t he greater Los Angeles Area due to the large availability of labor sources.
The Vice Mayor encouraged staff to begin removing barriers now before the opportunity to bring in STEM businesses is missed.
On the order of the Chair, and by consensus of the Committee, the information was received and filed.
REMINDER: BUDGET PRESENTATION (PCOC, PCAC, ECONOMIC
DEVELOPMENT, FWDB) TUESDAY, MAY 3 AT 5:30 P.M.
David Klug, brought the reminder before the Committee and responded to questions.
After a brief discussion, on the order of the Chair, and by consensus of the Committee, the information was received and filed.
COUNCIL COMMENTS Chair Hampton confirmed that the subject of tiny homes will be brought before the Economic Development and Technology Committee after the budget discussion in June.
ADJOURNMENT:
On the order of the Chair, the special meeting of the Economic Development and Technology Committee was adjourned at 6:15 p.m.
_________________________________
TYRON HAMPTON, Chair
Economic Development and Technology Committee
ATTEST:
____________________
Garrett Stevenson
Recording Secretary
01 05/03/2022
CITY OF PASADENA
ECONOMIC DEVELOPMENT AND TECHNOLOGY COMMITTEE MINUTES
MAY 03, 2022 – 5:30 P.M.
CITY HALL, COUNCIL CHAMBER
SPECIAL MEETING
The meeting was convened and held virtually by videoconference/teleconference.
OPENING The Chair called the special meeting of the Economic Development and Technology Committee to order at 5:34 p.m.
ROLL CALL:
Staff:
Councilmember Tyron Hampton, Chair
Vice Mayor Andy Wilson
Councilmember Steve Madison
Councilmember Jessica Rivas
David Klug, Acting Economic Development Manager
Matthew Hawkesworth, Director of Finance
Dion O’Connell, City Attorney
Cynthia Kurtz, Interim City Manager
Garrett Stevenson, Recording Secretary
NEW BUSINESS BUDGET WORKSHOP - FY 2023 RECOMMENDED OPERATING
BUDGET- PASADENA CENTER OPERATING COMPANY (PCOC)
Councilmember Madison
connected to the meeting
at 5:35 p.m.
Matthew Hawkesworth, Director of Finance, provided introductory comments, and Michael Ross, Chief Executive Officer of the Pasadena Center Operating Company , reviewed the agenda report as part of a PowerPoint presentation, and responded to questions.
Vice Mayor Wilson asked staff, in the future to provide information on expenses and revenues on the same page in order for Committee members to calculate the surplus data.
Councilmember Madison reflected on the profitability of the ice rink and suggested that staff analyze Pasadena Ice Skating Center’s admission and facility use fees to determine if such fees should be increased.
Chair Hampton asked PCOC staff to return to the Committee with details related to how Pasadena Ice Skating Center’s costs compare to other ice skating rinks in the area and its lifespan expectancy.
On the order of the Chair, and by consensus of the Committee, the information was received and filed.
BUDGET WORKSHOP - FY 2023 RECOMMENDED OPERATING
BUDGET- PASADENA COMMUNITY ACCESS CORPORATION
(PCAC)
George Falardeau, Chief Executive Office of PCAC, provided introductory comments, and Chris Miller, Chief Operating Officer of PCAC, reviewed the agenda report as part of a PowerPoint presentation, and responded to questions.
02 05/03/2022
In response to Councilmember Madison’s inquiry related to the future of PCAC as concerns of Covid-19 recede, Mr. Falardeau stated he would bring forward a strategic plan once the PCAC board is filled.
Chair Hampton requested PCAC staff provide information on viewer ratings before and during the Covid -19 pandemic. Chris Miller explained that ratings are provided in their quarterly key performance indicators to the Finance Department and will bring these figures to the Economic Development and Technology Committee at a future meeting.
On the order of the Chair, and by consensus of the Committee, the information was received and filed.
BUDGET WORKSHOP - FY 2023 RECOMMENDED OPERATING
BUDGET- CITY MANAGER’S OFFICE - ECONOMIC DEVELOPMENT
DIVISION AND FOOTHILL WORKFORCE DEVELOPMENT BOARD
Dave Klug, Acting Economic Development Manager, and Diane Russell - Carter, Executive Director for the Foothill Workforce Development Board, reviewed the agenda report as part of a PowerPoint presentation, and responded to questions.
Chair Hampton requested that staf f provide quarterly updates on the Workforce Development Board’s budget to the Committee; and suggested staff look for technology similar to Buxton’s retail matching software that focuses specifically on office spaces or other mixed uses to help find potential business matches.
On the order of the Chair, and by consensus of the Committee, the information was received and filed.
INFORMATION ONLY BUDGET WORKSHOP - FY 2023 RECOMMENDED OPERATING BUDGET TUESDAY, MAY 17 AT 5:30 P.M. - HOUSING DEPARTMENT
AND DEPARTMENT OF INFORMATION TECHNOLOGY
Dave Klug, Acting Economic Development Manager reminde d the committee and public of the upcoming meetings.
On the order of the Chair, and by consensus of the Committee, the information was received and filed.
ADJOURNMENT:
On the order of the Chair, the special meeting of the Economic Development and Technology Committee was adjourned at 6:58 p.m.
_________________________________
TYRON HAMPTON, Chair
Economic Development and Technology Committee
ATTEST:
____________________
Garrett Stevenson
Recording Secretary
Memorandum
Date: July 19, 2022
To: Economic Development Technology Committee
From: David Klug, Economic Development Director
Subject: Economic Development Update
The Economic Development Division is committed to an on-going effort to retain Pasadena’s existing businesses and recruiting new ones. This purpose of this memo is to provide an update on those efforts for the month of April, May and June.
BUSINESS OUTREACH APRIL MAY JUNE
Broker Outreach - Calls and/or meetings with brokers
offering insights on market conditions
8 47* 11
Business Assistance - Permit assistance, site assistance, general information (demographics, psychographics,
traffic info)
11 10 6
Business Outreach - Phone calls and visits to various
businesses
1 9
Business Visit - Prescheduled visits with CEO, CFO of
local businesses
2 12 3
Investment - Developers/Fund Managers looking at
Pasadena
7 11 2
Major Property Owner - Call and/or visits to major
commercial property owners
3 2 1
Marketing - Ad placement, retail recruitment, outreach
to potential relocation
1 Sales Tax - Calls and/or visits to large sales tax producers 3 2 1 New Business Welcome Letters – letters are sent to
every new business
44 38 58
Totals 79 122 92
*These totals included a Mayor/City Manager-hosted meeting with commercial office brokers. 26 brokers were in attendance.
0 20
40 60
80 100
120
140
April May June
Number of Contacts
Business Outreach
New Business Welcome Letters
Future Investors/Major Property Owners/Sales Tax Producers Broker Outreach/Business Outreach/Business Visits/Assistance Project Update
July 2022
CONFIDENTIAL
Coretrust Capital Partners (“Coretrust”)
Digitize and amenitize
Cleaner air & water, fewer touch points,
Better cleaning protocols
Founders 30+ Years
Average Working Together
Founders 48 million SF Experience
Development, Repositioning, Operating
Registered Investment Advisor
Since 2016
Vertically Integrated
Asset Mgmt, Property Mgmt, Construction
National Footprint
Offices: Los Angeles, Philadelphia, Dallas
Current Portfolio
Four Properties / Three in Coretrust Value Fund I
Owned Assets became Carbon Neutral in 2022
Coretrust Highlights Creating Healthy Buildings
Pasarroyo | Pasadena,CA
1 TargetProperties
Institutionally owned, under-
invested in, architecturally distinct,
well-built, efficiently designed
Strategically located within
premier employment nodes
CONFIDENTIAL
2 Exterior of PASARROYO
Leasing Update
• New or Expansion Leases Signed:
o Inception to Date (2018 to 2022) – Approximately145,000 SF o During the Pandemic – Approximately 68,500 SF
• July 2022 Building Population – Average of approximately 40-45% of estimated pre- pandemic building population (Note: estimate based on parking count) Capital ImprovementsProgram Update
PASARROYOCapital Improvements Update
Elevator Modernization Conference & Event Center
HVAC& MEP Plaza / Exterior
Roofing Main Lobbies
Parking Garage Corridors& Restrooms
Significant Investment
CONFIDENTIAL
Health,
Wellness &
Sustainability
Initiatives
Renovated plaza at Pasarroyo
Portfolio became carbon neutral in 2022 through energy efficiency upgrades as well as Renewable Energy Credits (“REC”)options and offsets
CONFIDENTIAL
Coretrust’s Health and Wellness Initiatives
4 Elevators
• Touchless destination dispatch
• Elevator cab air purification via bi-polar ionization generator • Elevator codes of conduct
Minimized Points of Contact
HVACControls
• Outside air ventilation at maximum levels per equipment specifications
• HVAC purification system interface and controls
• Increased operating hours and fresh air purges
AirQuality and Ventilation
• Ultraviolet Germicidal Irradiation (“UVGI”)in-duct air purification system
• Highest Minimum Efficiency Reporting Value (“MERV”) air filter ratings in accordance with HVAC equipment specifications
• Air handler interior/coil disinfection, which will continue on a quarterly basis
• Touchless fixtures in restrooms
• Touchless doors
• SafeHandles™ or NanoSeptic film installed on common door handles for continuous disinfecting
• Touchless parking garage entry
• Touchless security access for visitors
Coretrust is intently focused on proactively addressing customer concerns regarding their return to the workplace and has taken action to promote a healthy office environment.
CONFIDENTIAL
Purchase RECs and
Offsets until carbon
neutral tech available
Measure emissions as
part of certifications
Maximize emissions
reduction via operating
improvements
The Trend: Carbon Neutral to Net Zero
5 1) > 200 global organizations have signed The Climate Pledge to be Net Zero by 2040 2) Tenants are seeking amenity rich, aesthetically appealing, and healthy workplaces with sustainability features that align with their stated environmental objects . 3) Technology does not exist for buildings to become carbon neutral without buying Renewable Energy Credits (“RECs”) and Carbon Offsets
4) Buying RECs and carbon offsets economically requires measuring emissions and system upgrades
Maximize emissions
reduction via CapEx
Requires operational and
development expertise
CONFIDENTIAL
6 Supplemental PASARROYOImages
Plaza and Common Area Renovations
77 Note: Market data as of 9/11/2019.
Renovated Plaza
CONFIDENTIAL
Plaza Prior to Renovation
Renovated Plaza
Plaza Prior to Renovation
8 Standard Restroom at Acquisition
Updated Restroom
CONFIDENTIAL
Standard Corridorat Acquisition
Updated Elevator Lobby and Corridor
CONFIDENTIAL
Renovated Plaza Seating
Renovated Tenant Event Space
Renovated Tenant Event Space
CONFIDENTIAL
Renovated Elevator Lobby
IndustriousSuite – 251 South Lake
Workplace Innovation Lab
CONFIDENTIAL
New ConferenceCenter & Event Space
Renovated Lobby
New ConferenceCenter & Event Space
Exterior of PASARROYO
For more information, please contact Spike Whitney, Senior Vice President:
[email protected] or 213-689-0000
INSPIRING MINDS.
INSPIRING LIFE SCIENCE.
VIEW AVAILABILITY
Ideal Building Infrastructure
For LaboratorySpace
ADDRESS& AVAILABILITY
FLOOR HEIGHTS
Up to 15’5” slab-to-slab
ELECTRICAL CAPACITY
25 Watts/USF connected load
BACKUP GENERATOR LOCATION
Tenant-specific generator adjacent tobuilding
VENTILATION
2-story,offset building with clear space for ventilation
LOADING
Existing location adjacent tobuilding
HVAC
RobustMEP systemtoaccommodate lab requirements
ELEVATORS
Twoexisting passenger elevators;location toadd freight
elevatorwithinpremises
INTERNET CONNECTIVITY
10 GB fiber backbone
SIGNAGE
Building-top and prominentground level monument
available
EXISTING INFRASTRUCTURENUMBEROF FLOORS PARKING
Direct access to plentiful
on-site parking
283 S. La
Ground
ke
11,911 RSF
251 S. La
Ground
ke
22,732 RSF
2 floors at 283 S. Lake and 2
full floors at 251 S. Lake for a
Second
Total
22,797 RSF
34,708 RSF
Second
Total
16,353 RSF
39,085 RSF
total of 4 floors
Totals 73,793 RSF
HYPOTHETICAL
FLOOR PLANS
SPACE TYPE LEGEND
BOARD ROOM
FREEZER FARM
FUME HOOD
GLASS
WASH
HUDDLE
IT
LAB
LAB STORAGE
LAB UTILITY
MECH. ROOM
OPEN OFFICE
PANTRY
PHONE BOOTH
RECEPTION TC LAB
WAREHOUSE /
RECEIVING
RECEPTION HUDDLE
ROOM
BOARD ROOM
PANTRY MEN'S
REST
RM
WOMEN'S
REST
RM
WAREHOUSE \
RECEIVING
IT
HUDDLE
ROOM
LAB
STORAGE
PHN.
BOOTH
GLASS
WASH
FUME
HOOD
FUME
HOOD
FUME
HOOD
FUME
HOOD FREEZER
FARM
LAB
MECHANICAL
ROOMTC LABTC LABLAB
UTILITY
OPEN
OFFICE
1stFloor
283 S. LAKE | 11,911RSF
FREIGHT
ELEVATOR
LAB FUNCTION
General Lab 2,117 SF
Support
TissueCulture 364 SF
FumeHood 628 SF
Utility
General 364 SF
FreezerFarm 233 SF
Glass Wash 123 SF
Storage
General 128 SF
Cold/Gas 0 SF
LAB SPACE TOTAL 3,957 SF
OFFICE FUCTION
Office/Open Office 1,374 SF
Pantry 707 SF
Reception 416 SF
Conference 481 SF
Huddle Space 409 SF
OFFICE SPACE TOTAL 3,387 SF
INTERIOR SPACE FUNCTION
Buiding Core/Partitions/Corridors 1,645 SF
IT 208 SF
Receiving/Warehouse 841 SF
TOTAL 10,038 SF
11,911 RSF
SPACE TYPE LEGEND
ELEC. ROOM
FREEZER FARM
FREIGHT ELEVATOR
FUME HOOD
GAS STORAGE
GLASS WASH
HUDDLE
LAB
LAB STORAGE
LAB UTILITY
MECH. ROOM
OFFICE
OPEN
OFFICE
RECEPTION
RESTROOM
TC LAB
LAB
FUME
HOOD
FUME
HOOD
FUME
HOOD
FUME
HOOD
FUME
HOOD
FUME FUME
HOOD HOOD
FUME
HOOD TISSUE
CULTURE
RECEPTION
LAB
STORAGE
LAB
LABLABOPEN OFFICE
FREIGHT
ELEV.
ELEV.
TISSUE
CULTURE
TISSUE
CULTURE
WOMEN'S
RESTROOM
MEN'S
RESTROOM
STORAGE
FREEZER
FARMGLASS
WASH
LAB
STORAGE
TISSUE
CULTURE
MECHANICAL
ROOM
LAB
UTILITY
LAB
STORAGE
LAB
UTILITY
OFFICE OFFICE HUDDLE
OPEN OFFICE
GAS
STORAGE
LAB
STOR.
LAB
UTILITY
2nd Floor
283 S. LAKE | 22,797 RSF
LAB FUNCTION
General Lab 7,232 SF
Support
TissueCulture 791 SF
FumeHood 1,123 SF
Utility
General 511SF
FreezerFarm 654 SF
Glass Wash 112SF
Storage
General 714 SF
Cold/Gas 136 SF
LAB SPACE TOTAL 11,273 SF
OFFICE FUCTION
Office/Open Office 2,226 SF
Pantry 0 SF
Reception 160 SF
Conference 0 SF
Huddle Space 110 SF
OFFICE SPACE TOTAL 2,497 SF
INTERIOR SPACE FUNCTION
Buiding Core/Partitions/Corridors 5,052 SF
IT 0 SF
Receiving/Warehouse 0 SF
TOTAL 18,822 SF
22,797 RSF
Awe inspiringsetting
for brilliant minds
Locatedalong South Lake Avenue,a 10-block, tree-lined
businessdistrictbustling withcharming restaurants,boutiques, top retailersand over200 neighboring businesses.
CONFERENCECENTERKITCHENAREA CONFERENCEROOM
CONFERENCECENTERLOUNGE
PARKINGGARAGE
Distinctive,one-of-a-kindsettingin an
immaculate,thoughtfullydesigned campus
environment.
650,000 SF of premierequality office and
retailspace in fourbuildings withplentiful
3/1,000 parking (2,000 on-sitespaces),
with65 EV charging stations
Exceptional customerexperience,owned and
operatedon-siteby CoretrustManagement
Themostintensive ESG focused opportunityin theSan Gabriel Valley that has received the following highly covetedand unique distinctions:
CARBON
NEUTRAL
UL TIER 2 VERIFIED
HEALTHY BLDG
GBAC STAR
FACILITY
WELL HEALTHY
SAFETY RATED
LEED GOLD
USGBC
Incredible Access
to STEM Talent
SurroundedBy Trusted
Life ScienceExperts
Coretrusthas a connectedteam of life science experts
tobuild thepremierspace opportunityfor thenext
generation of scientists.
LIFE SCIENCE
EXPERIENCED
CONTRACTOR
ANNEKEGRECO
+1213 239 6307
[email protected]
LIC. #01390030
JOSHWROBEL
+1213 239 6187
[email protected]
LIC. #02040545
RYANPETTERSEN
+1213 239 6309
[email protected]
LIC. #01923152
Although informationhas been obtainedfromsourcesdeemedreliable,neither OwnernorJLL makesany guarantees,warrantiesorrepresentations,expressorimplied, as tothe complete- ness oraccuracy as to the informationcontainedherein. Any projections,opinions,assumptionsorestimatesused are for exampleonly. Theremay be differences betweenprojectedand actual results, and those differences may be material. ThePropertymay be withdrawnwithoutnotice. Neither OwnernorJLL accepts any liability for any lossordamage suffered by any party resulting from relianceon this information. If the recipientof this informationhas signed a confidentiality agreement regardingthis matter,this informationis subject to the terms of that agreement. ©2022. Jones Lang LaSalle IP, Inc. All rights reserved. **Theoutbreakof the COVID-19 virus (novel coronavirus)since the end of January 2020 has resultedin market uncertainty and volatility. Whilethe economicimpact of a contagion diseasegenerally arisesfrom the uncertainty and lossof consumerconfidence, its impact on real estate valuesis unknownat this stage.
DANIEL REDELL
+1213 239 5915
[email protected]
LIC. #02141509