Bain Capital sells San Diego campus for $255m

Bain Capital Real Estate, the real estate investing business of Bain Capital, and Phase 3 Real Estate Partners have sold Genesis Campus Point, a premier, class A life science campus in San Diego.

The three building, 314,135-square-foot campus has been sold to a publicly traded REIT, in a transaction valued at approximately $255 million.

Strategically located in the San Diego life science cluster’s thriving University Town Center submarket, Genesis Campus Point is surrounded by several prominent research institutions, including the University of California San Diego Health System, Scripps Health and the Salk Institute. The pre-eminent multi-tenant campus features a range of amenities, including an on-site restaurant, fitness center with lap pool, yoga studio, spin studio, showers/lockers, conference centers and an underground parking facility. Campus tenants range from global biopharmaceutical to growth- and early-stage companies.

Bain Capital Real Estate and P