FOSTER CITY, CA-Gilead Sciences Inc. has spent about $91 million, to acquire eight buildings totaling almost 250,000 square feet of office space near its current headquarters in San Mateo County.
According to a report in the Silicon Valley Business Journal, based on public records, Gilead bought the buildings from real estate firm Hines. Gilead, a med-tech research firm and pharmaceutical manufacturer, already occupies some of the buildings through existing leases.
The Journal, notes that Gilead is Foster City's second-largest employer, and has recently purchased six other buildings. The properties had been being marketed by Eastdil Secured as the Hines Peninsula Collection.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
