Reotemp Instrument Corporation has committed to a new long-term headquarters lease in San Diego, selecting a recently renovated industrial building in the Scripps Ranch submarket. The manufacturer of high-precision temperature and pressure instrumentation will occupy a 75,000-square-foot facility at 10225 Willow Creek Road. The lease term is 12 years, positioning the company for an extended period of operational stability at the site.
The property is controlled by a partnership between Luminous Capital Management and Austin-based Virtus Real Estate Capital. The joint venture acquired the asset in September 2021 from its former occupant, LG Electronics USA, and subsequently undertook an extensive renovation program. Those improvements were completed with the goal of broadening the building’s appeal to a range of advanced manufacturing users rather than tailoring it to a single specialized segment.
Commenting on the strategy, Bob Dougherty, Principal at Luminous, noted that the ownership group had structured its business plan to attract a wide spectrum of advanced manufacturing tenants. That flexibility helped position the property to capture Reotemp’s requirement at a time when biomanufacturing activity has slowed over the past several years. The new lease converts the asset from a formerly single-tenant corporate occupancy into a headquarters location for another specialized industrial user.
Cushman & Wakefield’s San Diego office handled leasing responsibilities on both sides of the transaction. The firm represented the ownership group of Luminous Capital Management and Virtus Real Estate Capital in marketing the property to prospective occupants. Brant Aberg, Bryce Aberg, and Louay Alsadek led the listing assignment for the landlord.
On the tenant side, Cushman & Wakefield professionals Andy Ewald and Peter Curry represented Reotemp Instrument Corporation in its search and negotiations for a new headquarters facility. Their role included aligning the building’s functional characteristics with Reotemp’s manufacturing and corporate space needs within the Scripps Ranch submarket.
Beyond leasing, Cushman & Wakefield remains engaged with the project through its Project Development Services platform. That team, led by Jason Thatcher, is overseeing the tenant improvement and construction process for Reotemp’s build-out. The assignment encompasses managing construction activities to deliver a space that supports the manufacturer’s specialized instrumentation operations.
The 75,000-square-foot lease extends the property’s transition from a former LG Electronics USA facility to a renovated industrial asset anchored by an advanced manufacturing headquarters. The combination of a long-term commitment, a specialized industrial tenant, and post-acquisition upgrades underscores the ongoing role of modernized industrial product in meeting manufacturing demand within the San Diego market.
