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Clarion Partners Fund Enters San Diego Life Sciences Market
Clarion Partners Real Estate Income Fund Inc. (CPREIF) has acquired Fusion Life Science HQ*, a 121,541 square foot hybrid creative office and research and development building in San Diego’s Carlsbad submarket. It’s CPREIF’s first foray into San Diego’s life sciences market.
“The increased demand for life sciences real estate in Carlsbad continues to explode,” said CPREIF portfolio manager Janet Souk. “Fusion’s unique attributes, coupled with a strong tenant, reinforced our decision to add this particular property to our portfolio.”
Constructed in 1996, the Fusion campus was renovated in 2020. It’s 100% leased to Alphatec Spine, Inc. through January 2031.
Alphatec is a leading medical device company that designs, develops and manufactures products for the surgical treatment of spine disorders. The campus serves as Alphatec’s global headquarters with custom R&D, office and warehouse build-outs, including a surgery experience center and training center for surgeons
- ◦Sale/Acquisition


