Gemini Rosemont Adds Eight-Story San Francisco Office Building to Portfolio

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.

The property is 98 percent leased and anchored by three growing life science tenants. Built in 1974 and renovated in 2016, and again in 2022, the property features floor to ceiling windows with views of San Francisco Bay, an above-market parking ratio, transportation access, and visibility from El Camino Real. It is a five-minute walk from the Millbrae BART/Caltrain station, which serves more than 7,000 skilled workers from Silicon Valley, the Peninsula, San Francisco, and the East Bay daily. It also provides convenient access to the San Francisco International Airport, via BART or Highway 101.

Gemini Rosemont’s West Coast portfolio is comprised of approximately 1.3 million square feet with three additional properties in California and one in Washington state. The West Coast properties include 600 Clipper (Belmont), ESET 610 West Ash (San Diego) and Gemini Rosemont Tech Park (Santa Clara), and One Twelfth @ Twelfth (Bellevue, Wash.).

Sansome Street Advisors and Gordon Brothers were represented by the Cushman Wakefield team of Seth Siegel, executive managing director, Steve Hermann, executive managing director, and Ryan Venezia, managing director. Gemini Rosemont represented itself in the acquisition, led by Kevin Flemming, acquisitions manager.

David Wilson, a property manager with Gemini Rosemont, will manage the property.