April 6, 2020
Harrison Street acquired two newly-renovated, cutting-edge life sciences properties in San Diego’s Sorrento Mesa neighborhood. The Chicago-based investment manager teamed up with San Diego-based BioScience Properties on the deal.
The two properties encompass a combined total of 234,000 square feet of laboratory, manufacturing, office and research, and development space. The assets are located at 10770 Wateridge Circle and 6325 Lusk Blvd., in Sorrento Mesa.
Both properties were recently converted from general office to Class A life sciences buildings, a process that included a gut rehabilitation, adding common area buildouts, and an expansion at Wateridge (pictured).
Mark Burkemper, a Senior Managing Director at Harrison Street and Head of Transactions Group – North America, said, “This transaction is reflective of Harrison Street’s commitment to supporting the life sciences sector, as the need for breakthrough therapies and innovations has never been greater.”
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