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GI Partners acquires life sciences properties in San Diego
Transactions - SEPTEMBER 29, 2022

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GI Partners acquires life sciences properties in San Diego

by Denise Moose

GI Partners has announced the acquisition of a core, 100 percent net-leased life sciences portfolio in San Diego.

The portfolio consists of the fee simple interest in a two-building, 84,000-square-foot property as well as the 70 percent joint venture interest in a four-building, 316,000-square-foot campus, both located in the highly sought-after Sorrento Mesa submarket. All the properties are fully occupied by credit tenants with a weighted average lease term of approximately 10 years.

“We are proud to expand our life sciences platform in San Diego,” said John Sheputis, managing director at GI Partners and head of acquisitions at GI Partners Real Estate. “Market fundamentals in the Sorrento Mesa submarket remain robust, with steady demand and tightening supply as tenants seek access to the highly skilled San Diego workforce and its concentration of intellectual capital.”

The technology and life sciences real estate portfolio managed by GI Partners Rea

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