Regency Centers Corp. has sold a large San Diego retail property to biotech-focused Alexandria Real Estate Equities for $125 million, ahead of the buyer’s planned conversion of the site into a mixed-use development emphasizing the high demand for life sciences offices and laboratories.
Regency Sells San Diego Retail Property Ahead of Planned Conversion to Biotech Space
The $125 Million Deal Completed as Alexandria Looks To Feed Growing Life Science Demand
By Lou Hirsh
CoStar News
January 13, 2022 | 9:57 P.M.
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IN THIS ARTICLE
- Properties
- Costa Verde Center
8508 Genesee Ave, San Diego, CA
- Companies
- Regency Centers
Real Estate