Deal Wrap: Ligand Pharmaceuticals
October 8, 2011
By: Bob Howard

... Biotechnology company Ligand Pharmaceuticals has signed an 84-month lease valued at $3.9 million for 16,429 square feet of office and laboratory space at Arenisca in Torrey Pines. Ligand is the first lease signed at Arenisca, an approximately 72,419-square-foot, LEED Silver, three-story, class A laboratory and office project currently under construction. The property is at 11119 North Torrey Pines Rd., across from the Torrey Pines Golf Course. Project construction began in September 2011 and is scheduled for completion before July 2012, when Ligand is slated to move into the building. The property developer and owner, Alexandria Real Estate Equities Inc., was represented by Brian Starck, Jerry Keeney and Dave Odmark of Cassidy Turley BRE Commercial’s Life Sciences Group. Ligand was repped by T.D. Rolf of Studley. ...

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