San Diego's life science campus REIT is up for sale. BioMed Realty Trust has tapped Morgan Stanley to explore its sale. That could be a huge number, given BioMed commands more than 24M SF of prime life science-centric office space and land from here to Boston and NYC worth more than an estimated $6B, according to the latest quarterly report. One potential suitor could be Blackstone Group. BioMed has been on a roll recently, inking some 1.7M SF of new leases the first half of this year across its portfolio. And it also recently purchased Towne Centre Technology Park, a four-building, 183k SF campus (here) in University Towne Centre from Arden Realty for $83.8M. [Bloomberg]
BioMed Being Courted by Blackstone for Possible Sale
Continue reading this story with a free account
Log in or register
Related Topics:
Arden Realty
, BioMed Realty
, Biomed Realty Trust
, Blackstone Group
, Morgan Stanley
)
)
)
)
)
)
)
)
)
)
)
)