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Bain Capital Sells San Diego Life Sciences Campus for $255M
Bain Capital Real Estate and Phase 3 Real Estate Partners, Inc. sold Genesis Campus Point, a three-building, Class A life science campus in San Diego to an undisclosed publicly-traded REIT for $255 million. The 314,135-square-foot campus is strategically located in the San Diego life science cluster’s thriving University Town Center submarket.
The site is surrounded by several prominent research institutions, including the University of California San Diego Health System, Scripps Health and the Salk Institute. The multi-tenant campus features such amenities as an on-site restaurant, fitness center with lap pool, yoga studio, spin studio, showers/lockers, conference centers and an underground parking facility. Campus tenants range from global biopharmaceutical to growth- and early-stage companies.
HFF served as exclusive advisor to the sellers. Bain and Phase 3 acquired the three office buildings through two transactions in 2015.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


