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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.

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