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Article: BioMed Realty Trust Acquires San Diego Property From Isis Pharmaceuticals in Sale-Leaseback Transaction; Adds Sixth Property in San Francisco.
- Article from:
- PR Newswire
- Article date:
- September 22, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN DIEGO, Sept. 22 /PRNewswire-FirstCall/ -- BioMed Realty Trust, Inc. today announced that it has acquired its ninth property in San Diego for approximately $8.5 million in cash. The 28,704 square foot property, located on Faraday Avenue in the Carlsbad submarket, was acquired from Isis Pharmaceuticals, Inc. Isis, which will leaseback the property pursuant to a 15-year, triple-net lease, is a public biopharmaceutical company exploiting proprietary RNA-based drug discovery technologies to identify and commercialize novel drugs to treat important diseases.
BioMed also announced it has acquired its sixth property in the San Francisco Bay area for approximately ...