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Oxford Properties expands presence in San Diego life science market
Transactions - OCTOBER 25, 2022

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Oxford Properties expands presence in San Diego life science market

by Released

Oxford Properties Group announced the purchase and long-term lease back of Ionis Pharmaceuticals, an 18.4-acre life science campus and corporate headquarters. Ionis is a publicly traded biotech company.

Located in the established San Diego life science submarket of Carlsbad, Calif., the campus features approximately 250,000 square feet of existing life science and office space. As part of the transaction, Ionis will lease the properties for a minimum of 15 years.

“Our team continues to create sustained yet highly targeted growth against one of our highest conviction global investment strategies, to build a global life science business of scale,” said Chad Remis, executive vice president, North America at Oxford. “Today’s acquisition adds another leading life sciences company to our business as well as high-quality income-producing assets to our growing portfolio plus complements our development pipeline in San Diego. The transaction perfectly encapsulates the p

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