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Peter M. Moglia Of Alexandria Real Estate Equities Inc Signs 16-Year Lease With Pharmaceutical Company In San Diego
LEASED
California
See Similar DealsOffice466,598 SF
Leased 07/14/2025
LEASED
Peter M. Moglia Of Alexandria Real Estate Equities Inc Signs 16-Year Lease With Pharmaceutical Company In San Diego
10300 Campus Point Drive
See Similar DealsOffice466,598 SF
Leased 07/14/2025
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:466,598 SF
Transaction Type:Lease
The asset involved in this lease transaction is an office property located at 10300 Campus Point Drive in San Diego. The total square footage of the facility is 466,598 RSF, which is designated for use as a build-to-suit research and development hub. This new facility will be part of a larger 2.6 million RSF campus expansion and aims for full electrification and LEED Gold certification.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Term: 16-year
- Landlord: Peter M. Moglia - Alexandria Real Estate Equities Inc
- Market: San Diego
This lease agreement marks a significant milestone as Alexandria Real Estate entered into a 16-year lease with a multinational pharmaceutical company. The new facility is set to break ground in 2026 and is projected to be completed in 2028. This transaction represents the largest life science lease in Alexandria's history.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$26,745,115.79
Total Lease Value
$267,451,157.95
Net Landlord Cash Flow$26,745,115.79
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