{"id":1004758739,"date":"2025-05-21T03:01:21","date_gmt":"2025-05-21T11:01:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004758739"},"modified":"2025-05-21T03:02:19","modified_gmt":"2025-05-21T11:02:19","slug":"sterling-bay-jv-completes-san-diego-life-science-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sterling-bay-jv-completes-san-diego-life-science-project\/","title":{"rendered":"Sterling Bay JV Completes San Diego Life Science Project"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a08c4d31c829&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1820\" height=\"1365\" data-attachment-id=\"1004758740\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sterling-bay-jv-completes-san-diego-life-science-project\/pacific-center-is-a-new-life-sciences-campus-in-sorrento\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Pacific-Center.jpg\" data-orig-size=\"1820,1365\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Hand-out&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Pacific Center is a new life sciences campus in Sorrento&quot;,&quot;created_timestamp&quot;:&quot;0&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;Pacific Center is a new life sciences campus in Sorrento&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Pacific Center is a new life sciences campus in Sorrento\" data-image-description=\"&lt;p&gt;Exterior shot of Pacific Center, a life science campus in San Diego.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The first phase of Pacific Center comprises two lab and office buildings rising six stories, as well as a parking structure and an amenity center. Image courtesy of BNBuilders&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Pacific-Center.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Pacific-Center.jpg\" alt=\"Exterior shot of Pacific Center, a life science campus in San Diego.\" class=\"wp-image-1004758740\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Pacific-Center.jpg 1820w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Pacific-Center.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Pacific-Center.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Pacific-Center.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/Pacific-Center.jpg?resize=1536,1152 1536w\" sizes=\"auto, (max-width: 1820px) 100vw, 1820px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The first phase of Pacific Center comprises two lab and office buildings rising six stories, as well as a parking structure and an amenity center.<em> Image courtesy of BNBuilders<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Sterling Bay and Harrison Street have officially opened the first phase of Pacific Center, a life science campus in San Diego\u2019s Sorrento Mesa neighborhood. Partners on the development also included BNBuilders and Gensler.<\/p>\n\n\n\n<p>The 690,000-square-foot project comprises four new buildings: two six-story lab and office facilities, a 12-story parking structure and a two-story mass timber amenity center. The second phase will include a 279,000-square-foot, six-story building.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/san-diego-life-science-project-gets-265m\/\">Financing on the project<\/a> included a $265 million construction loan from Bank OZK. Sterling Bay and Harrison Street paid $576 million to acquire a seven-building portfolio from City Office REIT. That transaction also included nearly 13 acres of land, where Pacific Center is taking shape.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/top-projects-that-will-reshape-seattle\/\">Top Projects That Will Reshape Seattle<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Located at 9925 and 9955 Pacific Heights Blvd., the first phase of the project is close to Interstate 805 and 15 miles from downtown San Diego. The city\u2019s international airport is 17 miles away.<\/p>\n\n\n\n<p>Building A spans 303,000 square feet and features a 150-person conference room, two training centers and a theater room, as well as five terraces. Additionally, the property has 54,000-square-foot floorplates.<\/p>\n\n\n\n<p>The 202,000-square-foot Building B is LEED Certified and has a conference center and tenant lounge, as well as four terraces and about 505 parking spaces. Floorplates average 36,500 square feet.<\/p>\n\n\n\n<p>Other shared amenities include a courtyard with event venues and skydecks, food hall and a fitness center. The campus also has EV charging stations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-san-diego-s-office-sector-continues-to-grow\">San Diego\u2019s office sector continues to grow<\/h2>\n\n\n\n<p>San Diego\u2019s office construction pipeline as of April clocked in at 2.1 million square feet under construction, according to the latest<a href=\"https:\/\/www.commercialedge.com\/blog\/national-office-report\/\" target=\"_blank\" rel=\"noreferrer noopener\"> CommercialEdge office report<\/a>. The metro ranked fifth nationally for space underway.<\/p>\n\n\n\n<p>One of the projects set to come online by the end of the year is Alexandria Real Estate Equities\u2019 426,927-square-foot development at 4135 Campus Point Court. The building is part of the company\u2019s 2 million-square-foot Alexandria Point campus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The developers broke ground on the first phase of the campus in 2023.<\/p>\n","protected":false},"author":3355,"featured_media":1004758740,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21742,21747,1608,15],"tags":[33012,44141,33248],"class_list":["post-1004758739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-latest","category-office","category-san-diego","category-west","tag-gensler","tag-harrison-street","tag-sterling-bay-company"],"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>Sterling Bay JV Completes San Diego Life Science Project - 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