Lincoln Property Company Acquires 80K-SF Specialized Life Science Asset in San Diego

Lincoln Property Company (“Lincoln”), a global full-service real estate firm, and JV partner Brasa Capital Management acquired a specialized life science facility in San Diego, California. Located at 10165 McKellar Court, the building is situated on four acres and spans 79,313 square feet. The property was sold by QuidelOrtho Corporation, which currently occupies the entire building and plans to vacate and relocate operations to other facilities in San Diego in 2025.

10165 McKellar Court is a two-story facility located in an in-demand section of the western Sorrento Mesa submarket, which has become a Southern California hub for life science activity. The property comprises a well-proportioned mix of purposefully built lab, warehouse, and corporate office space, affording Lincoln the ability to be flexible in its future plans for the asset.

“This property is located at the epicenter of San Diego’s core life sciences cluster in Sorrento Mesa, which continues to see demand from a variety of users operating in the advanced science industry,” said Scott Moffatt, Executive Vice President of Lincoln. “The opportunity to own a versatile asset in this market was appealing to our team and Brasa. Our next step will be to assess the market and the needs of current and future tenants to determine the best use-case for 10165 McKellar Court moving forward.”

Kurt Luedtke and Zac Saloff of JLL represented the seller in the negotiations.

About Lincoln Property Company

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 562 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 164 million square feet of development since its inception in 1965 and has another $19.5 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.

About Brasa Capital Management

Brasa Capital Management (http://www.brasacap.com) is a real estate investment manager based in Los Angeles. Brasa targets middle-market commercial real estate investments in the Western US and Texas, investing across the capital stack in diversified asset types. The firm manages both commingled funds and separate accounts on behalf of institutional and high-net-worth investors. Brasa is minority-owned and registered as an investment adviser with the SEC.