CP Kelco Renews San Diego R&D/Lab Lease
Savills Studley represented company in the transaction
San Diego, CA (June 8, 2016)  

CP Kelco, a leading producer of specialty hydrocolloid solutions, renewed its lease at 8225 Aero Drive in San Diego. The Atlanta Georgia-based company occupies the entire 27,605-square-foot R&D/lab facility. The five-year renewal is valued at approximately $2.5 million.

Bridget Garwitz, associate director with global tenant advisory firm Savills Studley, represented CP Kelco in the transaction.

“Our client was pleased to remain in a property and location that works well for its employees and supports its continued growth and innovation,” said Garwitz.

CP Kelco’s specialty solutions touch a wide variety of applications including food and beverage, consumer, industrial and household products. Key ingredients include gellan gum, pectin, cellulose gum, carrageenan, xanthan gum, diutan gum, and microparticulated whey protein, as well as other unique bipolymers.

Westcore Properties is the owner of 8225 Aero Drive, a single-story building located in San Diego’s Kearny Mesa submarket.

About Savills Studley

Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 29 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.

The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).

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