Breakthrough Properties has acquired MUSE, a three-building trophy life science campus in the Torrey Pines submarket of San Diego.
Breakthrough, a joint venture of global developer Tishman Speyer and biotechnology investment firm Bellco Capital, purchased MUSE for $159 million. MUSE consists of three buildings totaling 186,000 square feet offering sweeping panoramic views located in the heart of Torrey Pines. The campus was recently repositioned with a new exterior glass façade and enhanced amenity offering including a new fitness center, indoor/outdoor conference center, activated landscaping with outdoor seating and games, and a full-service café.
Two of the buildings were recently upgraded to modern labs and are fully leased on a long-term basis, while one vacant building will be repositioned to provide robust and flexible wet lab space to accommodate a variety of life sciences research.
“MUSE presented a rare opportunity to expand our portfolio with a va
