VERALLIANCE COMMENCES $22.7 MILLION OFFICE AND R&D RENOVATION

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SAN DIEGO — Veralliance Properties has begun a $22.7 million renovation of the 53,326-square-foot Soledad office and R&D facility, located at 6455 and 6465 Nancy Ridge Dr. in the Sorrento Mesa area of San Diego. When the renovation is complete in July, Soledad will be LEED certified. Cibus Global, a San Diego-based biotechnology firm, has already made a pre-lease commitment for 50 percent of the two-building project, formerly known as Westridge Business Park. Veralliance acquired the property in February 2006.

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