Investor Presentaiton
BACKGROUND ON SALE
Strategic land assembly and CIO's value-add leasing
created an exciting opportunity for a buyer to build
immediate scale in a leading life science location
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Acquired in 2017 as part of the San Diego Portfolio
1-5 are life science or R&D buildings
☐ 6 is a vacant land parcel zoned for life science development
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Acquired in 2021 to strategically enhance existing holdings
7-8 are traditional office buildings located on infill
development land zoned for life science development
Two embedded development sites, zoned for over one
million square feet of life science development potential
12.7 acres of development land, in total
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NORTH
DISPOSITION
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$395 million
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QUALCOMM
HEADQUARTERS
8
SOUTH
DISPOSITION
$181 million
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