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California  + San Diego  + Office  | 

Nuveen Nabs UTC Life Science Campus in Diversification Shift

Nuveen Real Estate entered a joint venture with a publicly-traded REIT to invest in a two-building, 269,048-square-foot life science campus in San Diego’s UTC. The properties at 10260 Campus Pointe Dr. and 4161 Campus Point Ct. are 100% leased through 2022. Public documents show Alexandria Real Estate Equities, Inc. acquired the assets for $80 million.

Nuveen Real Estate’s Derreck Barker says, “This acquisition provides the opportunity to further diversify Nuveen Real Estate’s office portfolio and invest into a life science office campus that caters to tenants in the life science industry.”

The JV is planning a host of upgrades and new investments as part of a broader repositioning of the campus. Future developments include renovated buildings, common area amenities, and retail space. 10260 Campus Point Dr. will be redeveloped and expanded into a 176,455-square-foot Class A building, which is 100% pre-leased for 15 years with a target delivery in 2021.

*Pictured rendering of Alexandria’s nearby 9880 Campus Point Dr.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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