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North City Commercial Real Estate Deals in San Diego

6 publicly announced deals (2 sales, 4 leases) in the North City (Torrey Pines / Sorrento Mesa / I-15 Corridor) sub-market, all weeks, newest first.

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Life Science 5, Office 1

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Asset classSub-market

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Price (US$ millions, sales that report a price)

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Oct 28
Campus Point by Alexandria megacampus, University Town Center (approx. 29% noncontrolling interest)
Buyer KKR, seller Alexandria Real Estate Equities

North City (Torrey Pines / Sorrento Mesa / I-15 Corridor)SaleLife Science1,587,000 SF campus$475MSource
Oct 26
Class B lab space, Sorrento Mesa (new lease)
Tenant U.S. Department of Veterans Affairs

North City (Torrey Pines / Sorrento Mesa / I-15 Corridor)LeaseLife Science62,000 SFNot disclosedSource
Oct 23
Maravai LifeSciences Sorrento Mesa renewal
Tenant Maravai LifeSciences

North City (Torrey Pines / Sorrento Mesa / I-15 Corridor)LeaseLife Science102,207 SFNot disclosedSource
Oct 22
Radian Bio Class A lab relocation, Torrey Pines
Tenant Radian Bio

North City (Torrey Pines / Sorrento Mesa / I-15 Corridor)LeaseLife Science80,168 SFNot disclosedSource
Oct 21
3545 Cray Court, Torrey Pines
Tenant Iambic Therapeutics (January lease plus July expansion)

North City (Torrey Pines / Sorrento Mesa / I-15 Corridor)LeaseLife ScienceAbout 96,000 SFNot disclosedSource
Oct 21
12220 Scripps Summit Drive (Northridge Summit), I-15 Corridor
Buyer Sorrento West Properties (General Atomics' real estate arm, owner-user)

North City (Torrey Pines / Sorrento Mesa / I-15 Corridor)SaleOfficeAbout 130,000 SF$25MMSource