June 8, 2016
Pasadena, CA-based Alexandria Real Estate Equities, Inc. has good news for Illumina, Inc. The urban office REIT is delivering a ground-up, 295,609-square-foot development in San Diego’s University Town Center (UTC) to Illumina Inc. early.
Later this month, Building 6 at 5200 Illumina Way will be ready for the global leader in DNA sequencing and array-based technologies for large-scale analysis of genetic variation and function. This third build-to-suit project by Alexandria will increase Illumina’s world-class HQ campus from nearly 500,000 square feet to nearly 800,000 square feet. There’s also potential expansion of an additional 386,044 square feet of future development.
Among Alexandria’s 1.4-million square feet of 2016 deliveries are a 304,326-square-foot redevelopment project 100% leased to Eli Lilly and Company in UTC; and a 61,755-square-foot development project 100% leased to Otonomy, Inc. in UTC.