Exciting Developments at Torrey View by Breakthrough Properties
Breakthrough Properties recently celebrated a significant milestone with the opening of Torrey View, a state-of-the-art life science campus in Del Mar Heights. This fully leased 520,000-square-foot facility is designed to foster innovation and collaboration among leading pharmaceutical and bioscience companies.
Leasing Success Before Completion
Remarkably, the entire campus was pre-leased prior to its completion, indicating strong demand for premium life science space. Major tenants include the renowned biopharmaceutical company Pfizer, which occupies 230,000 square feet, focused primarily on its oncology division. Complementing this, BD (Becton Dickinson and Company) has established a 220,000-square-foot innovation center specifically for its Biosciences division.
Welcoming Leading Companies
Beyond the standout names of Pfizer and BD, other influential companies such as Charles River Laboratories, Actio Biosciences, and Architect Therapeutics are also setting up shop in Torrey View, reinforcing the campus's reputation as a hub for life sciences.
A Vision Realized
Breakthrough Properties, a collaboration between Tishman Speyer and Bellco Capital, acquired the Torrey View site with a clear vision for transformation. Since its acquisition, the site has evolved considerably, achieving USGBC LEED Gold certification, which underscores its commitment to sustainability and innovative design.
Statements from Local Leaders
During the opening ceremony, San Diego Mayor Todd Gloria expressed pride over the establishment of such a prestigious facility in the city. He highlighted how the campus is poised to enhance San Diego's standing in the life sciences sector and contribute to groundbreaking medical advancements.
Building a Collaborative Ecosystem
Breakthrough Properties CEO Dan Belldegrun echoed the Mayor's sentiments, stating the importance of creating a premier hub for research and innovation. His remarks focused on the strategic importance of Torrey View, designed to foster collaboration among brilliant minds and esteemed organizations dedicated to life sciences.
Tishman Speyer CEO Rob Speyer also emphasized the impact of the facility, noting that the work conducted at Torrey View will have profound implications for healthcare innovation. This commitment to excellence and collaboration is what sets Torrey View apart.
Investment in Scientific Innovation
Jeff Settleman, Ph.D., Chief Scientific Officer for Pfizer’s La Jolla site, spoke of the facility's potential to enhance scientific research and development, reinforcing Pfizer's dedication to oncology. The investment made by Pfizer in cutting-edge facilities reflects its determination to drive meaningful advancements for patients.
The Role of Academia
UCSD Chancellor Pradeep Khosla, Ph.D., underscored the significance of partnerships between academia and industry, asserting that Torrey View will serve as a vital platform for innovation and discoveries essential for future healthcare solutions.
Collaborative Development Efforts
To bring Torrey View to fruition, Breakthrough partnered with Mitsui Fudosan America, and other key stakeholders, and ensured collaboration with top-tier architectural and construction firms. The design and development phase included innovative features that cater to the needs of life science tenants.
The campus impressively offers a blend of amenities, including breathtaking ocean views, a high-tech fitness center, and ample space for dining and collaboration. Such features not only enhance the work environment but also promote wellness and community among tenants.
Breakthrough’s Expansive Reach
Breakthrough Properties stands out in the life science sector, with a portfolio encompassing over five million square feet across the U.S. and Europe. Their focus on sustainability, energy efficiency, and creating healthy environments for tenants is evident in all their projects, including the ambitious Torrey View.
The company continuously seeks innovative ways to develop life science infrastructures that enable the next generation of breakthrough therapies, positioning itself as a leading player in this essential sector.
About Breakthrough Properties
Founded in 2019, Breakthrough Properties emerges from the strategic alliance of Tishman Speyer and Bellco Capital. The firm aims to reshape the life science landscape by delivering properties that promote collaboration and foster scientific advancements. With a mission anchored in acquiring and developing premier life science spaces, Breakthrough Properties is committed to supporting innovation across various life science fields, including biotechnology and agriculture.
Frequently Asked Questions
What is Torrey View?
Torrey View is a state-of-the-art life science campus developed by Breakthrough Properties, fully leased to leading companies in the industry.
Who are the major tenants at Torrey View?
Major tenants include Pfizer and BD Biosciences, along with several other innovative biotechnology firms.
Why was the opening ceremony significant?
The ceremony showcased the successful development of a prominent life science hub that enhances San Diego's innovation ecosystem.
What certifications does Torrey View hold?
Torrey View has achieved USGBC LEED Gold certification, underscoring its commitment to sustainability.
What is Breakthrough Properties' mission?
Breakthrough Properties aims to develop and operate leading life science properties that foster innovation and support scientific advancements.
