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Illumina Inc.’s leasing of the 470,000-square-foot former campus of Biogen Idec at UTC, in a 20-year deal valued at $335 million, was among the largest local industrial transactions announced in the first quarter.

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Industrial Market Turns a Corner As Vacancy Rates Take a Dip

REAL ESTATE: Leasing Activity Leaps Forward; Large Buildings Purchased

San Diego County’s industrial property market has started out 2011 with fundamentals trending upward with an improving economy.

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