DENVER, March 18, 2021 — Healthpeak Properties, Inc. (NYSE: PEAK) announced today that it will commence construction of its Nexus on Grand development located at 233 East Grand Avenue in South San Francisco. The Class A development will consist of a five-story building totaling approximately 141,000 square feet and an adjacent parking structure. The purpose-built lab building will feature state-of-the-art design, prominent location on East Grand Avenue, flexible and efficient floor plates, and lab-ready building systems that will accommodate a number of life science uses.
“We are pleased to continue to grow our footprint in South San Francisco and meet the growing demand from tenants looking for a distinguished campus in one of the top life science markets in the world,” said Scott Bohn, Healthpeak’s Senior Vice President and Co-Head of Life Science.
Healthpeak is a pioneer of life science development in South San Francisco with a track record of delivering first class life science campuses in this market since the mid-1990s. Nexus on Grand will be Healthpeak’s third ground-up development in the market since 2015, following its leasing success at The Cove at Oyster Point and The Shore at Sierra Point.
Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns and develops high-quality real estate in the three private-pay healthcare asset classes of Life Science, Medical Office and CCRCs. At Healthpeak, we pair our deep understanding of the healthcare real estate market with a strong vision for long-term growth.