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10/18/24
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Torrey View, a newly-developed, 10-acre life science campus in Del Mar Heights just celebrated its grand opening. The 520k sf campus, a development of Breakthrough Properties, has been fully pre-leased to a lineup of leading companies months prior to completion.
The oncology division of biopharmaceutical company Pfizer leased 230k sf spanning two buildings. Global medical technology company BD (Becton, Dickinson and Company) created a 220k sf innovation center for its Biosciences division across a third building. Charles River Laboratories, Actio Biosciences and Architect Therapeutics have also established a presence at the campus.
Breakthrough Properties, a joint venture of Tishman Speyer and Bellco Capital, acquired the Torrey View site in October 2020 and transformed it into a world-class research and development center, which has achieved USGBC LEED Gold certification.
“This world-class campus is a setting fit for some of the brightest minds in medicine, and will further strengthen the thriving innovation ecosystem that fuels groundbreaking discoveries,” commented San Diego Mayor Todd Gloria.
“We need ecosystems like Torrey View to bring together the brightest minds, most innovative companies and forward-thinking entrepreneurs,” said UCSD Chancellor Pradeep Khosla, Ph.D. “With the extensive premier life science space and amenities that Torrey View plans to offer, it is poised to become a hub for groundbreaking research, development and discovery. Academia needs strong partnerships to achieve maximum success.”
Breakthrough developed Torrey View alongside its co-equity partners Mitsui Fudosan America, Investment Management Corporation of Ontario (IMCO) and AP2. To realize its vision, Breakthrough collaborated with life science architectural firm Flad Architects and general contractor Clark Construction. JLL exclusively handled the leasing program at the development.
The campus features expansive ocean views and a full suite of curated campus amenities, including a client clubhouse, multiple dining options, a Jay Wright-designed fitness center and pickleball court, a 400-person conference facility, robust bike and surfboard storage and onsite parking via a partially below grade garage covered by open green spaces and gardens.
Breakthrough is one of the most active players in the sector with a portfolio that spans more than 5 msf of premier life science environments in operation and in the development pipeline across the United States and Europe. Breakthrough’s ongoing commitment to sustainability involves a particular emphasis on increasing energy efficiency, reducing carbon emissions and providing healthy workspaces for users, including targeting LEED Gold certification at its United States properties, as well as BREEAM Outstanding certification in all of its projects across the United Kingdom and EU markets.
In addition to Torrey View, Breakthrough’s San Diego portfolio encompasses Torrey Plaza, Callan Ridge and Governor Pointe, a two-story life science campus nearing completion. Other portfolio highlights include The 105, a state-of-the-art facility fully leased by CRISPR Therapeutics, and One Milestone, two interconnected lab buildings under development at the Enterprise Research Campus, in Boston; 2300 Market, a research & development building nearing completion in Philadelphia; and Trinity, a bespoke lab and office project being developed in Oxford UK. In addition, StudioLabs by Breakthrough — curated, turn-key innovation environments for hypergrowth users — are being launched in several new markets.
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