Breakthrough Properties Acquires MUSE, a Three-Building Trophy Life Science Campus in San Diego | PR Newswire [Video]

Breakthrough Expands West Coast Portfolio with Purchase of Premier Lab Research Complex in Highly Coveted Torrey Pines Submarket

, /PRNewswire/ — Breakthrough Properties (“Breakthrough”), a leading global life science real estate developer, owner and operator, today announced the acquisition of MUSE, a three-building trophy life science campus in the Torrey Pines submarket of San Diego.

Breakthrough, a joint venture of global developer Tishman Speyer and biotechnology investment firm Bellco Capital, purchased MUSE for $159 million. MUSE consists of three buildings totaling 186,000 square feet offering sweeping panoramic views located in the heart of Torrey Pines. The campus was recently repositioned with a new exterior glass façade and enhanced amenity offering including a new fitness center, indoor/outdoor conference center, activated landscaping with outdoor seating and games, and a full-service café.

Two of the buildings were recently upgraded to modern labs and are fully leased on a long-term basis, while one vacant building will be repositioned to provide robust and flexible wet lab space to accommodate a variety of life …