San Diego San Diego

LaSalle Investment Management has acquired a partial interest in the world headquarters and life sciences campus of Illumina in San Diego. LaSalle made the investment on behalf of its U.S. core open-end real estate fund, LaSalle Property Fund.

Located in the University Town Center in San Diego, the class-A property is 793,000 square feet spread across six, state-of-the-art office, lab, and accessory buildings on 44 acres. The property is 100% occupied by Illumina and is under a long-term lease agreement serving as their world headquarters.

This is LaSalle's first investment in the life science sector. As part of the transaction, LaSalle will be investing in the developable land on the property's campus, allowing LPF to participate in potential future expansion and densification.

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.