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LaSalle Takes Interest in Illumina San Diego World HQ, Life Sciences Campus
Chicago-based LaSalle Investment Management acquired partial interest in the world headquarters and life sciences campus of Illumina in San Diego’s University Town Center. The Class A property consists of 793,000 square feet spread across six, state-of-the-art office, lab, and accessory buildings on 44 acres.
The property is 100% occupied by Illumina under a long-term lease agreement. LaSalle will be investing in the developable land on the property’s campus, allowing it to participate in potential future expansion and densification.
LaSalle’s Steve Bolen says, “This acquisition aligns LaSalle with a market-leading life sciences property that is uniquely positioned to thrive in the growing field of DNA sequencing and array-based technologies, serving end-users in the research, clinical and applied markets.”
The investment was made on behalf of LaSalle’s U.S. core open-end real estate fund, LaSalle Property Fund, with the property’s developer, an S&P 500 U.S. equity REIT. It is LaSalle’s first investment in the life sciences property sector.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


