Cluster of life science offices sell for $112 million


A Boston company bought a cluster of San Diego office buildings this week for $112 million, one of the biggest local real estate sales of the year. The cluster of 12 buildings had been owned by San Diego-based Parallel Capital Partners, a real estate investment firm. The total area sold equals around 318,969 square feet of office space.

Boston-based Longfellow Real Estate Partners purchase of the buildings comes with 81 life science, technology and research tenants. Some of the companies in the buildings include Pelagos Pharmaceuticals, MabVax Therapeutics, Renew Biopharma, Aethlon Medical, Drug Delivery Experts and Sirigen.

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