{"id":1004472427,"date":"2020-08-20T04:32:27","date_gmt":"2020-08-20T12:32:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004472427"},"modified":"2021-05-10T02:05:17","modified_gmt":"2021-05-10T10:05:17","slug":"alexandria-pays-98m-for-university-hq-in-san-diego","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/alexandria-pays-98m-for-university-hq-in-san-diego\/","title":{"rendered":"Alexandria Pays $98M for University HQ in San Diego"},"content":{"rendered":"<div id=\"attachment_1004472442\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/The-Pointe-at-Torrey-Pines--e1597921619472.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004472442\" data-attachment-id=\"1004472442\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/alexandria-pays-98m-for-university-hq-in-san-diego\/the-pointe-at-torrey-pines\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/The-Pointe-at-Torrey-Pines--e1597921619472.jpg\" data-orig-size=\"1077,807\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Lucia Morosanu&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1597930340&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"The Pointe at Torrey Pines\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Pointe at Torrey Pines. Image via Google Maps&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/The-Pointe-at-Torrey-Pines--e1597921619472.jpg?w=1024\" class=\"wp-image-1004472442 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/The-Pointe-at-Torrey-Pines--e1597921619472.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/The-Pointe-at-Torrey-Pines--e1597921619472.jpg 1077w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/The-Pointe-at-Torrey-Pines--e1597921619472.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/The-Pointe-at-Torrey-Pines--e1597921619472.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/The-Pointe-at-Torrey-Pines--e1597921619472.jpg?resize=1024,767 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004472442\" class=\"wp-caption-text\">The Pointe at Torrey Pines. <em>Image via Google Maps<\/em><\/p><\/div>\n<p>National University System has sold The Pointe at Torrey Pines, its 139,135-square-foot headquarters in San Diego. Public records show Alexandria Real Estate Equities paid $97.5 million for the two-building office asset.<\/p>\n<p>Located on 11.4 acres at 11255 and 11355 N. Torrey Pines Road in La Jolla, the property has unobstructed ocean views and is across the street from Torrey Pines Golf Course, the site of the upcoming 2021 U.S. Open. The asset is within San Diego\u2019s top biotech and life sciences submarket and is near several research institutes, including Scripps Research, Sanford Consortium, University of California, San Diego and a Pfizer facility. The asset&#8217;s two- and three-story buildings have a range of amenities, from subterranean parking with electrical vehicle-charging stations to a fitness center.<\/p>\n<p>At the beginning of the year, Alexandria Real Estate Equities joined forces with Boston Properties to merge and develop a <a href=\"https:\/\/www.commercialsearch.com\/news\/boston-properties-alexandria-partner-for-life-sciences-play\/\">life science campus in San Francisco<\/a>. Once the 1.7 million-square-foot property is complete, each REITs will hold a roughly 50 percent stake in the venture.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The nearly 140,000-square-foot asset is close to several research institutes in the heart of Torrey Pines.<\/p>\n","protected":false},"author":748,"featured_media":1004472442,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,1608,15],"tags":[32827],"class_list":["post-1004472427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-san-diego","category-west","tag-alexandria-real-estate-equities-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alexandria Pays $98M for University HQ in San Diego - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/alexandria-pays-98m-for-university-hq-in-san-diego\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alexandria Pays $98M for University HQ in San Diego\" \/>\n<meta property=\"og:description\" content=\"The nearly 140,000-square-foot asset is close to several research institutes in the heart of Torrey Pines.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/alexandria-pays-98m-for-university-hq-in-san-diego\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-20T12:32:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T10:05:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/The-Pointe-at-Torrey-Pines--e1597921619472.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1077\" \/>\n\t<meta property=\"og:image:height\" content=\"807\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alexandria-pays-98m-for-university-hq-in-san-diego\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/alexandria-pays-98m-for-university-hq-in-san-diego\/\",\"name\":\"Alexandria Pays $98M for University HQ in San Diego - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alexandria-pays-98m-for-university-hq-in-san-diego\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alexandria-pays-98m-for-university-hq-in-san-diego\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/The-Pointe-at-Torrey-Pines--e1597921619472.jpg\",\"datePublished\":\"2020-08-20T12:32:27+00:00\",\"dateModified\":\"2021-05-10T10:05:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alexandria-pays-98m-for-university-hq-in-san-diego\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/alexandria-pays-98m-for-university-hq-in-san-diego\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alexandria-pays-98m-for-university-hq-in-san-diego\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/The-Pointe-at-Torrey-Pines--e1597921619472.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/The-Pointe-at-Torrey-Pines--e1597921619472.jpg\",\"width\":1077,\"height\":807,\"caption\":\"The Pointe at Torrey Pines. 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