News & Analysis: LaSalle makes a big buy

FIRM TAKES SAN DIEGO MEDICAL ASSETS FOR $147.5M

By John Mugford

The six-story, 150,801 square foot Scripps Clinic Rancho Bernardo building was one of two medical-related facilities recently acquired in the San Diego area by LaSalle Investment Management for a total of $147.5 million.
Photo courtesy of Scripps Health

Chicago-based LaSalle Investment Management recently closed on the acquisition of a total of 253,637 square feet of medical office space in two buildings in San Diego. The firm paid a total of $147.5 million, or almost $576 per square foot (PSF), for the assets. The seller was Los Angeles-based Kilroy Realty Corp. (NYSE: KRC).

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