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Gilead Sciences Closes on $123M Headquarters Acquisition

FOSTER CITY, CA-The biopharmaceutical company completes its acquisition of 500,000 sf in 16 buildings at a business park in Foster City from a subsidiary of Equity Office Properties Trust. The company was leasing 10 buildings in the park.

By Brian K. Miller | Updated on September 15, 2003

FOSTER CITY, CA-Gilead Sciences has completed its $123-million acquisition of 500,000 sf in 16 buildings at Vintage Park in Foster City from a subsidiary of Equity Office Properties Trust. GlobeSt.com reported the pending acquisition in mid-August.

Gilead discovers, develops and commercializes therapeutics to advance the care of patients suffering from life-threatening diseases. The publicly traded biopharmaceutical company has used the business park as its corporate headquarters since 1998. Prior to the acquisition it leased 10 of the buildings it acquired, though it only occupied eight of them.

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