### Lincoln Property Acquires Life Science Facility in San Diego
Lincoln Property Company, in partnership with Brasa Capital Management, has acquired a specialized life science facility at 10165 McKellar Court in San Diego. The purchase price was not disclosed. The 79,313-square-foot property was previously owned by QuidelOrtho Corporation, which currently occupies the entire building but plans to vacate and relocate its operations elsewhere in San Diego by 2025.
Located in the western Sorrento Mesa submarket, a key life science hub in Southern California, the two-story facility includes a well-balanced mix of lab, warehouse, and corporate office space.
“The opportunity to own a versatile asset in this market was appealing to our team and Brasa,” said Scott Moffatt, Executive Vice President of Lincoln Property Company. “Our next step will be to assess the market and the needs of current and future tenants to determine the best use for 10165 McKellar Court moving forward.”
Kurt Luedtke and Zac Saloff of JLL represented the seller in the transaction.
About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax (www.griffintax.com) and REVVED Up Accounting (www.revvedupaccounting.com). In addition, Steve founded Madison Avenue Technology (www.madisonave.tech). With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.
