DTx Pharma, a San Diego-based biotech company that specializes in RNA medicines, has subleased 14,123 square feet of life science lab space at SOVA Science District South, located at 10655 Sorrento Valley Road in San Diego, California. Kidder Mathews commercial real estate brokers, John Hundley and Jon Engle, represented DTx Pharma in the transaction.
SOVA Science District is a 400,000 square foot modern tech and life sciences campus, owned by Longfellow, a life sciences and technology real estate development and investment company.
This opportunity provided a turnkey solution for DTx Pharma, a fast-growing ventured backed pharmaceutical company. Even during the COVID-19 pandemic, life science/lab deals are getting done as well-funded R&D companies continue to innovate and grow.
“We believe this new space provides the foundation DTx needs to cultivate our culture, expand our team, and build our platform to solve the drug delivery challenges of RNA-based medicines,” said Arthur Suckow, co-founder, CEO and CSO of DTx Pharma.
“We love advising teams like DTx Pharma that have strong leadership, big vision, passion, and are committed to creating a culture of innovation. Completing this deal amidst a turbulent COVID-19 context demonstrates that deals are still getting done, and we were pleased to be a part of this great outcome and to contribute to DTx Pharma’s promising future,” said Engle, associate vice president at Kidder Mathews.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 22 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $9.6 billion in transactions, manages 70 million square feet of space, and conducts over 1,680 appraisals annually. For more information, visit kidder.com.