Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO–Illumina Inc., a San Diego-based biotech and research firm, has signed a 10-year lease for two buildings in the University Town Centre area totaling 97,500 sf.

Illumina Inc., which uses genetic variation and function technology to improve drugs and cure diseases, has also secured the right to expand into an additional 81,000 sf.

Diversified Properties, a San Diego developer, is building the bio lab/office space at Eastgate Pointe, 9885 and 9875 Town Centre Dr. Washington Capital Management is providing a $22-million construction loan and a $24-million permanent loan for the project.

Brokers for CB Richard Ellis¹ San Diego Central office represented the landlord and the tenant.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.