April 6, 2016
San Diego-based BioMed Realty signed a 10-year lease with Illumina Inc. at its i3 campus, a 316,000-square-foot development currently under construction in the University Towne Centre. The campus will serve as an expansion of the DNA R&D company’s nearby UTC HQ. Financial terms of the transaction weren’t disclosed.
BioMed says Illumina will occupy the the $189-million i3 campus in July 2017. The campus is located at 4775 Executive Dr. and is comprised of three 100,000-square-foot customizable buildings.
The biotech company is seeking to accommodate growing teams close to its headquarters. It marks the third major build-to-suit lease agreement BioMed’s completed with Illumina within the last 15 months, totaling 831,000 square feet.