Healthpeak Properties Pre-Leases San Francisco Life Science Project
The REIT has secured long-term leases with two biotech companies to fully lease-up its development, which is slated for completion in Q2 2023.
SOUTH SAN FRANCISCO – Fully-integrated REIT Healthpeak Properties Inc. has fully-leased its life science development, Nexus on Grand, in South San Francisco.
The firm has executed two long-term leases for the property with Graphite Bio Inc. and another leading biotech company.
The project is currently under construction, with an expected completion date in Q2 2023. The development is designed by Madison, WI-based Flad Architects.
Located on East Grand Ave., Nexus on Grand will feature 148,000 square feet of state-of-the-art laboratory and office space and first-class amenities, including a café, a fitness center and several indoor and outdoor meeting areas.
“We are excited to expand our partnerships with two leading biotech companies in our South San Francisco portfolio,” states Scott Bohn, EVP and co-head of life science at Healthpeak Properties. “The lease-up of our Nexus on Grand project more than a year prior to completion demonstrates the continued market demand for best-in-class, purpose-built lab buildings.”
Nexus on Grand represents one of Healthpeak Properties’ three active development projects in the South San Francisco market.