Dermtech (NASDAQ:DMTK), a precision dermatology company, said it plans to expand into a new building in Del Mar Heights.
The 95,997 square-foot building will become DermTech’s new corporate headquarters and the site of its laboratory.
“DermTech continues to make significant investments in people and infrastructure to allow us to capture the market opportunity before us,” said John Dobak, CEO of DermTech. “We are incredibly fortunate to remain headquartered in San Diego, a thriving hub for healthcare and biotechnology innovation, and excited to make the move to the Del Mar Heights neighborhood.”
The property at 12340 El Camino Real, will include conversion of approximately 30,000 square feet of office space to life science laboratory space, and will become available to the company in four phases.
The first portion of the new building is slated to open in the next couple of months and will include office space for the DermTech team. The other portion of the building is slated to open throughout 2022 and will offer a brand-new, state-of-the-art space for the DermTech Gene Lab.
DermTech leased the new building from Los Angeles-based developer Kilroy Realty, who is working to help further the growing regional demand for space among biotech companies. The lease has a term of 126 months, with two options to extend the lease term for 5 additional years each.