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California  + San Diego  + Healthcare  |  March 12, 2025
Paul Bubny
By: Paul Bubny

Clinical-Stage Biopharma Firm Signs HQ Lease with Alloy Properties

TPG Real Estate’s Alloy Properties said that Elements by Alloy Properties, its award-winning life science campus located at 10201-10241 Wateridge Cir. in the Sorrento Mesa submarket of San Diego, was selected as the new headquarters of Biotheryx, a clinical-stage biopharmaceutical company.  Alloy manages Elements in partnership with West | Tech Properties.

“We are thrilled to welcome Biotheryx to Elements,” said Alicia Hinds, COO of Alloy Properties. “The Alloy team is delighted that they have trusted us to accommodate their promising research programs.”

JLL’s team of Tony Russell, Chad Urie and Tim Olson represented Alloy.  Biotheryx was represented by Andrew Sexton of Re:Align Tenant Strategies. The 290,000-square-foot Elements by Alloy property was recognized by the San Diego Business Journal as Best Redevelopment.

Don’t miss Connect Orange County, coming up on Thursday, March 20th at the Hyatt Regency Irvine. Register to join OC’s leading CRE names and major industry players for an afternoon of insightful discussion panels, presentations, and top-notch networking. Be there to get the expert take on what’s coming to OC for the balance of 2025, across asset classes. www.ConnectOC2025.com

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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).
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