The First Phase of a New Life Sciences Campus Begins in San Diego
Construction began on a new life sciences complex in San Diego.
Sterling Bay and co-development partner Harrison Street, a real estate investment firm specializing in alternative assets, acquired a $265M construction loan from Bank OZK for Pacific Center, a Class A life sciences campus in Sorrento Mesa.
Over the next four years, the $650 million-dollar facility will grow to include five structures, including a 500,000-rentable-square-foot of scientific research space, a 1,700-space parking facility, and a 28,000-square-foot multi-functional, mass-timber amenity center.
Designed by Gensler, the Pacific Center will feature three lab buildings, a central plaza, office amenities, an on-site fitness area, indoor and outdoor conference spaces, meeting and collaboration rooms, and a food hall that both tenants and visitors can enjoy.
The design will aim to be ultramodern and will prioritize sustainability by incorporating eco-friendly elements in the build and operation to minimize environmental impact, and boost morale.
Pacific Center will be available for the first wave of tenants in Q4 2024.
Credit: Sterling Bay/Gensler
Credit: Sterling Bay/Gensler
Credit: Sterling Bay/Gensler
Credit: Sterling Bay/Gensler
