SAN FRANCISCO–Gemini Rosemont Commercial Real Estate has acquired Peninsula Life Science Center for $59.35 million. The eight-story office building is located at 1828 El Camino Real in the San Francisco Peninsula's city of Burlingame CA.
The purchase adds 65,804 rentable square feet to the company's portfolio, which includes 17 commercial office properties in seven U.S. states.
Gemini Rosemont purchased the office building from Sansome Street Advisors and Gordon Brothers in an all-cash transaction fully funded in partnership with Gemini Investments, an investment company listed on the Hong Kong Stock Exchange.
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