BOSTON–Boston Properties announced that a joint venture in which the Company has a 49% ownership has executed a 229,000 square foot lease with a leading biotech company at the venture’s 751 Gateway project in South San Francisco, California.
The lease covers the entire building, which is currently under construction with initial occupancy expected in early 2024.
“South San Francisco continues to be the location of choice for leading life science companies, and 751 Gateway provides an excellent combination of location and amenities these companies use to attract talent and drive scientific discovery,” stated Bob Pester, Executive Vice President, San Francisco Region, BXP.
751 Gateway is the first phase of a multi-phase life sciences campus development project at Gateway Commons in partnership with Alexandria Real Estate Equities, Inc. The Company will own 49% of 751 Gateway upon completion. Located within walking distance to Caltrain and with direct access to Highway 101, the Gateway Commons properties will offer a mix of office and lab buildings, including best-in-class amenities within a vibrant campus atmosphere.
