Sudberry Properties announced the groundbreaking of Watermark Building 2, a second corporate headquarters building for MedImpact. The building is adjacent to the company’s existing corporate headquarters in Scripps Ranch.
MedImpact expands HQ in Scripps Ranch
Sudberry Properties announced the start of construction for the second MedImpact corporate headquarters campus building, a 158,000-square-foot, six-story building with an adjacent four-level parking structure at 10159 Scripps Gateway Court.
Sudberry Properties is the development and construction manager for MedImpact, the nation’s largest privately held pharmacy benefit manager (PBM). The new facility is an extension of MedImpact’s existing corporate headquarters building, which Sudberry Properties completed in 2010.
“MedImpact has aggressive growth goals, and this expansion will enable us to better accommodate that growth,” said Greg Watanabe, MedImpact president and chief operating officer. “This new addition to our corporate headquarters will also enable us to streamline efficiencies and increase collaboration by relocating staff from multiple buildings to a more centralized location.”
The development team includes Architects Hanna Gabriel Wells, GroundLevel Landscape Architecture and Swinerton Builders. Completion is scheduled for December.
“The new facility was designed to complement MedImpact’s existing office and further enhance the business campus environment,” said Colton Sudberry, president of Sudberry Properties. “The exterior utilizes similar natural stone and an abundance of glass,” he said.
Set on 5.17 acres, Watermark Building 2 will include a large outdoor courtyard for casual meetings, social gatherings and exercise. The two buildings will be connected by a pedestrian bridge, both of which will be situated in the outdoor courtyard.
San Diego-based Sudberry Properties specializes in urban retail, community and town center developments with an emphasis on mixed-use projects and master-planned communities. Since its inception in 1979, Sudberry Properties has developed approximately 10 million square feet of retail, office, apartments, and industrial projects with a market value exceeding $1.5 billion in San Diego, Riverside and Los Angeles counties, as well as Nevada and Texas. Projects include Village Walk at EastLake, Carmel Mountain Ranch Town Center, Fenton Marketplace, Rio Vista Shopping Center, Millenia Commons and Cornerstone Business Center. Currently, in addition to several retail town centers, the company is developing Civita, a $2 billion, 230-acre, walkable village in Mission Valley on the site of a former sand and gravel quarry.
MedImpact, an independent, trend-focused pharmacy benefit manager, is the nation’s largest privately held PBM, serving health plans, self-funded employers and government entities.