REBusinessOnline

LPC West Sells Flex R&D Building in San Diego’s Sorrento Mesa for $17M

9877-Waples-St-San-Diego-CA

Located at 9877 Waples St. in San Diego, the two-story building features 62,392 square feet of flex R&D space.

SAN DIEGO — LPC West, the West Coast operating division of Lincoln Property Co., has completed the sale of a two-story, flex R&D property located at 9877 Waples St. in San Diego’s Sorrento Mesa submarket. An affiliate of Alexandria Real Estate Equities acquired the building for $17 million in an off-market transaction.

The 62,392-square-foot asset is mid-way through the seller’s biotech conversion process, which the buyer will complete.

Andy Hugget, Bill Dolan and Sean Williams of CBRE represented LPC West, while Alexandria was self-represented in the transaction.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.



Related News

Webinars on Demand


Conferences


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties