Pasadena, CA – December 6, 2024 – NAI Capital Commercial is pleased to announce that Executive Vice Presidents John S. Archibald and Guillermo Olaiz of the Investment Services Group in the Pasadena office successfully completed the lease of an 8,408-square-foot R&D/Flex facility in Pasadena, California. John and Guillermo represented the landlord, San Gabriel Capital, LP, and the tenant, Captura Corp., was represented by Shadd Walker of Colliers International in the transaction.
Located at 60 N. San Gabriel Blvd., this state-of-the-art R&D/Flex facility features multi-million-dollar lab upgrades. The former occupant, Materia, is a Nobel Prize recipient in 2005 in collaboration with Caltech Professor Robert Grubbs for renewable energy advancements. The property offers a full block of frontage on a main Pasadena thoroughfare at a signalized intersection, providing excellent visibility and access. It also includes executive offices with a lab buildout, and multiple hoods and is conveniently situated just two blocks from the 210 Foothill Freeway.
Captura, founded in 2021, emerged from a technology developed in Caltech’s laboratories. The company provides a low-cost ocean carbon removal solution with minimal environmental impact. This location will house engineers and researchers from Captura, a direct ocean capture company.
John stated, “Only a short distance from Caltech, this property is ideally located for business and research operations. The landlord is extremely excited about having Captura in their project.” John added, the remaining 19,266 square feet of space at the project consist of built-out lab space and high-end corporate headquarters office space, which should be leased out very shortly given the abundance of interested parties. Giving further evidence that Pasadena, home to Caltech, the world-renowned science and engineering institute continues to attract and produce startups in the sciences and engineering fields.
Guillermo said, “This lease underscores the strong demand for state-of-the-art R&D/Flex facilities with significant lab upgrades. Pasadena remains a prime location for tech companies, especially those in research and innovation, looking to be near Caltech.”
About NAI Capital Commercial
NAI Capital Commercial is the largest agent and employee-owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, a leading global commercial real estate services firm with more than 375 brokerage offices and over 6,000 professionals spanning the globe, NAI Capital Commercial provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital Commercial offers innovative, customized solutions and seamless service to owners, tenants, investors, and developers throughout Southern California. Our clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital Commercial we work together putting our clients first.
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To learn more, visit www.naicapital.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 6,000 local market professionals, managing in excess of over 1.15 billion square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
