Announced
Completed
Financials
Sources
Tags
Single Bidder
Domestic
Acquisition
Friendly
Private
Completed
Real Estate
United States
real estate
Real Estate Holding and Development
Majority
Synopsis
Breakthrough Properties, a life science real estate development company, completed the acquisition of the office park at 6200 and 6220 Greenwich Drive, totaling more than 200k square feet, from Manulife, an asset management company, and the Regents of the University of California, for $145m. "San Diego continues to emerge as one of the most sought-after innovation markets on the West Coast. The tech and life science sectors are both high growth and exceeding resilient, which is attracting the highest quality capital in the region," Kevin Shannon, Newmark co-head of US capital markets.
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