Salt Lake City — CBRE has arranged a 62,737-sq.-ft. office lease expansion for Myriad Genetics, Inc., a genetic testing company, at Airport Technology Park in Salt Lake City, Utah.
CBRE’s Scott Wilmarth and Nadia Letey represented Myriad Genetics in the lease negotiations, partnering closely with Joe Romero, Myriad Genetics’ Vice President of Real Estate & Facilities. The landlord is Drawbridge Realty.
The expansion follows Myriad Genetics’ 234,144-sq.-ft. lease at Airport Technology Park in 2023. The space serves as the company’s laboratory and support center.
“CBRE has consistently demonstrated their ability to understand our unique needs and navigate the complex world of lease transactions. Their deep industry knowledge and strategic approach have empowered us to secure the most advantageous deals for Myriad Genetics,” said Joe Romero. “With CBRE as our trusted partner, we have the confidence that our lease transactions are in the hands of a dynamic team that delivers exceptional results."
“Having operated in Salt Lake City for more than 20 years, Myriad Genetics’ growth in the last decade is notable, and a prime example of how life sciences companies are tapping into the region’s robust and growing life sciences talent pool,” said Nadia Letey, Senior Vice President. “Salt Lake City has experienced remarkable job growth in the life sciences sector, surpassing the national average in the past five years. This progress has not only impacted the local economy, but it is reflected in the success Myriad Genetics has had in Salt Lake City.”
Salt Lake City’s life sciences talent pool grew 32% between 2017 and 2022, the fifth-fastest growth rate of any major U.S. market, according to CBRE’s 2023 U.S. Life Sciences Research Talent report. As of April 2022, the metro has been home to the 20th-largest pool of life sciences research talent overall (4,440 employees), with life sciences talent researchers representing 0.7% of Salt Lake City’s total workforce.
Myriad Genetics occupies Building D at Airport Technology Park, which is located at 322 N. 2200 West.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About Myriad Genetics Inc.
Myriad Genetics is a leading genetic testing and precision medicine company dedicated to advancing health and well-being for all. Myriad develops and offers genetic tests that help assess the risk of developing disease or disease progression and guide treatment decisions across medical specialties where genetic insights can significantly improve patient care and lower healthcare costs.