Biomed Realty Welcomes Lucid Motors as New Pacific Research Center Tenant

Automotive Innovator to Double Size of Headquarters at Leading Bay Area Research Campus

SAN FRANCISCO – Dec. 12, 2017: Leading life science real estate developer BioMed Realty today announced Lucid Motors as the newest tenant at its Pacific Research Center, part of its East Bay cluster in Newark, Calif. The automotive innovator will lease over 125,000 square feet for 10 years, thereby doubling the size of its headquarters from its current Menlo Park location. The addition of Lucid Motors brings Pacific Research Center, which consists of nine lab, office, manufacturing, and research and development buildings, to 96 percent leased.

Since it was purchased by BioMed Realty in 2006 from Sun Microsystems, Pacific Research Center has undergone a major multi-year transformation from a single user to a multi-tenant, amenity-rich campus, providing a robust environment for growth and innovation for industry leaders in the three primary engines of economic growth in the Bay Area: technology, biotechnology and healthcare. By maximizing flexible design and opportunities for collaboration at the campus, BioMed Realty has attracted such notable and diverse tenants as Western Digital, Logitech, Stanford Health Care, Revance Therapeutics, Bioclinica, Protagonist Therapeutics and Risk Management Solutions. The 1.4 million-plus square foot campus includes a café with indoor and outdoor seating, abundant recreational areas and walking paths, a workout facility, conference facilities, electric car charging stations, and a daily shuttle to and from the Union City BART station.

“We are very pleased to welcome Lucid Motors to Pacific Research Center and provide state-of-the-art facilities and an environment for the company to grow and realize its long-term vision,” said Scott Altick, Vice President, San Francisco Market Lead at BioMed Realty. “The addition of Lucid Motors to the world class tenants who already call Pacific Research Center home is a testament to the location, amenities, and opportunities for collaboration and innovation that we have created in the East Bay.”

“The Lucid team is excited to move its headquarters to the Pacific Research Center,” said Brian Barron, Director of Manufacturing for Lucid Motors. “PRC offers us the unique combination of space, amenities, and flexibility that we need to grow quickly.”

By doubling the space of its current headquarters with the move to Pacific Research Center, Lucid Motors will create a larger design studio, have more lab and office space, and be located just blocks from its prototype shop. The company’s move to its new headquarters is already underway.

About BioMed Realty
BioMed Realty invests in the highest quality institutional real estate to meet the needs of the growing demand across the life science industry. The company owns or has interests in properties comprising approximately 12 million rentable square feet across the U.S. and Cambridge, U.K. Additional information is available at www.biomedrealty.com. Follow us on Twitter @biomedrealty.

About Lucid Motors
Lucid Motors is a luxury mobility company that is reimagining what a car can be. The company is applying innovative engineering, design, and technology to define a new class of vehicle. Lucid is developing products and services for the new world of experiential, on-demand, and sustainable luxury, with the Lucid Air premium sedan as its first platform. Headquartered in the heart of Silicon Valley, the Lucid team brings deep expertise from the automotive and technology industries. Learn more at lucidmotors.com.

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