The property asset involved in the transaction is located at 950 Waterfront Place, San Diego, and is classified as Life Sciences with a total square footage of 50,000. The lease agreement pertains to a space at IQHQ’s RaDD campus in downtown San Diego.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: Not specified
• Address: 950 Waterfront Place
• Market: San Diego
• Landlord: Steve Rosetta & Tracy Murphy - IQHQ Inc.
• Tenant: Craig Venter - J. Craig Venter Institute
• Lease Area: 50,000 SF
• Lease Date: 05/07/2025

The deal marks the J. Craig Venter Institute's entry as the first scientific institute to locate downtown, with plans to expand with a new genome sequencing facility named The Core, projected to open in 2026. This lease demonstrates IQHQ’s ongoing development efforts, which also include significant life science projects in San Francisco and Boston totaling over 2.2M square feet.