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JLL Income Property Trust has acquired Genesee Plaza, a two-building medical office property in San Diego, for $90 million. The property traded hands below replacement cost. The name of the seller was not disclosed.

Located in University Town Center near the University of San Diego and Scripps Hospital Campuses, Genesee Plaza is near major highway systems and has strong surrounding daytime foot traffic from local businesses.

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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