BioMed Realty relocates headquarters to University Towne Centre

BioMed Realty relocates headquarters to University Towne Centre
BioMed Realty has relocated their headquarters to discover@UTC at San Diego's University Towne Centre. (Photo: Business Wire)

BioMed Realty, a leading provider of real estate solutions to the life science community, has relocated their headquarters to discover@UTC at University Towne Centre, a campus the company has assembled and transformed over the last several years into a premier life science park in one of the top biotech markets in the country.

“Placing roots at our discover@UTC campus puts us at the center of our core San Diego market and adjacent to the region’s leading life science and technology companies and research institutions,” said President and CEO Tim Schoen. “This move demonstrates our commitment to continuing to invest in and serve the thriving San Diego life science community through all economic conditions, as the biotech industry and our innovative tenants advance the next generation of medicines and therapies.”

Located at the intersection of Towne Centre Drive and Executive Drive, discover@UTC is a premier life science campus comprised of four buildings with 288,000 square feet. BioMed Realty’s new headquarters brings the property’s leasing percentage to 94%. Other tenants that also moved their corporate headquarters to discover@UTC include Poseida Therapeutics, Samumed, and Human Longevity.

BioMed Realty acquired the campus in phases in 2010 and 2016, and successfully remodeled and repositioned the entire campus in 2017 under Blackstone’s ownership. In 2020, BioMed Realty completed significant improvements, including converting the properties to state-of-the-art lab/office buildings, enhancing the exterior façade, and adding new interior and exterior amenities.

To support the community of life science companies occupying discover@UTC, the property provides a host of amenities designed to enhance collaboration, support wellness, and provide convenience for tenants, including an on-site fitness center and café, subterranean and surface level parking, and on-site security. In addition to this, the property contains a newly designed, eco-friendly parklike setting with tranquil water features, outdoor meeting spaces and a recreation/athletic field. The campus provides ideal ingress and egress access points to both the I-5 and I-805 freeways, and is centrally located within walking distance of the newly renovated Westfield Mall and a number of nearby retail stores, high end restaurants, fitness centers and hotels.

About BioMed Realty

Founded in 2004, and a Blackstone portfolio company since 2016, BioMed Realty owns, operates and develops high-quality life science real estate comprising 13.6 million square feet, including 2.5 million square feet of Class A properties in active development, to meet the growing demand of the life science and technology industries. BioMed Realty’s portfolio is located in the leading innovation markets throughout the United States and United Kingdom, led by Boston-Cambridge, San Francisco, San Diego, Seattle, New York and Cambridge, U.K. With over 200 tenant partners, BioMed Realty provides real estate solutions for global enterprises, established biotechnology and innovation companies, leading universities and premier research institutions. Follow us on Twitter @biomedrealty.

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