The mixed-use asset, located at 3530 & 3550 John Hopkins Court and 3535 & 3565 General Atomics Court in San Diego's Torrey Pines market, was sold for $192,000,000. This property encompasses 218,640 square feet, reflecting a price per square foot of $878.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $192,000,000
• Square Footage: 218,640
• Price Per Square Foot: $878
• Seller: Peter M. Moglia - Alexandria Real Estate Equities Inc

The sale was completed on December 10, 2025, generating an $86.3 million gain as part of Alexandria's broader $1.81 billion 2025 disposition program. This transaction provided the existing tenant with long-term control over specialized research infrastructure, aligning with Alexandria's strategy to reduce capital requirements amid challenging market conditions.