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California  + San Diego  + Healthcare  | 

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 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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