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SAN DIEGO-IDEC Pharmaceuticals Corp. has purchased about 42.6 acres for its new corporate headquarters and research and development campus. The campus, which could eventually total 750,000 sf, will be located north of Nobel Drive and west of Interstate 805 in University Towne Center. Financial terms of the deal with seller San Dieguito Partnership were not disclosed.

Locally based Cisterra Partners is expected to develop the office campus on behalf of the pharmaceutical company, which is developing anti-cancer treatments. The first phase of construction is expected to be completed in late 2003. “San Diego has proven to be one of the best locations in the United States for growing companies, especially in the biotech industry,” says IDEC CFO Phil Schneider, who adds that the firm’s staff is currently spread out in three separate buildings in the Torrey Pines Mesa area.

“A unified campus will provide the perfect environment for ongoing collaboration, achievement and development for our most valuable resource, our employees,” Schneider says.

Meanwhile, planning for IDEC’s future manufacturing and process development campus in Oceanside continues on schedule, Schneider says. Construction of the clinical manufacturing facility will begin in the first quarter of next year.

Steve Bollert and Brent Jacobs of Burnham Real Estate Services represented IDEC in the office campus land sale. The seller was represented by Colliers International.

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