LaSalle Investment Management has made its first foray into life science real estate by acquiring a 49% stake in a five-building office campus that houses the headquarters of biotech firm Illumina Inc. in San Diego's University Town Center neighborhood for $286.75 million. The deal is San Diego's second-priciest office transaction of 2019 and the latest sign of strength for both life science real estate and the high-demand UTC office neighborhood.
LaSalle's First Life-Science Office Deal Underscores Strength of One San Diego Enclave
Investor Takes Stake in Alexandria's Campus for $286.7 Million
By Lou Hirsh
CoStar News
October 9, 2019 | 9:20 P.M.
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- Properties
- Building 2
5200 Illumina Way, San Diego, CA
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