Healthpeak Properties Announces 141,000 SQFT Project in South San Francisco

Healthpeak Properties, Graphite Bio, Nexus on Grand, South San Francisco
Rendering of Nexus on Grand by Flad Architects.

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.

ABOUT HEALTHPEAK

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.

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