Life science campus redevelopment completed in San Diego
Alloy Properties completes Elements in Sorrento Mesa submarket with JLL overseeing leasing
SAN DIEGO, CALIF., September 5, 2023 – JLL is pleased to announce that Alloy Properties has completed the office-to-life science construction of Elements, a three-building, 290,000-square-foot life science campus located on 7.9 acres at 10201-10241 Wateridge Circle in the Sorrento Mesa submarket of San Diego, California. Alloy Properties is a national life science focused on acquiring and operating life science and innovation campuses in major markets nationwide.
Elements can accommodate a wide range of uses from +/- 20,000 to +/- 189,000 square feet. It also offers lab spec suites for immediate occupancy ranging in size from 19,462 – 62,294 square feet. The property can also accommodate an additional 170,000-square-foot build-to-suit opportunity.
Designed by McFarlane Architects with JB Pacific serving as the general contractor, Elements combines contemporary work space and thoughtful amenities with outdoor connection and sweeping canyon views. It features large 20,000 square foot floorplates, 13-foot to 18-foot ceiling height, outdoor collaboration space, a fitness center with outdoor workout and yoga space and covered 2.5 per 1,000 parking with EV charging stations.
“Elements is a state-of-the-art facility designed to meet the specific needs of the life sciences community,” said Alicia Mistry Hinds, Director of Asset Management at Alloy Properties. “Companies who come to Elements can expect to be part of a premier life science environment, surrounded by like-minded entrepreneurs and innovators as well as highly acclaimed scientific institutions.”
JLL’s Tony Russell, Tim Olson and Chad Urie are overseeing leasing at Elements.
“As the San Diego life science industry continues to evolve, companies are looking for new, modern amenity-rich environments with access to talent and room for growth,” said Tim Olson, JLL Senior Managing Director. “Elements has the perfect combination to meet the needs of this growing industry.”
Elements is conveniently located, just minutes to the I-805 freeway as well as the Coaster station, providing convenience assess to neighboring communities. It also offers abundant amenities within walking distance including first class restaurants, premier retail and recreation at Sorrento Court, Sorrento Plaza and Wateridge Community Park.
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Alloy Properties
Alloy Properties is a national life science platform formed by TPG Real Estate Partners in the spring of 2020 that focuses on investing in life science and innovation campuses in the major life science markets, including Boston, San Diego, San Francisco, Seattle, and Raleigh-Durham. The platform focuses on acquiring office and R&D campuses that can be converted into best-in-class facilities for life science, biotech, and innovation. For more information, visit: https://alloyproperties.com.