DENVER, Nov. 2, 2021 — Healthpeak Properties, Inc. (NYSE: PEAK) announced today the initial phase of its Vantage campus in South San Francisco following strong leasing activity and demand at The Shore at Sierra Point and Nexus on Grand.
Located on the corner of Forbes Boulevard and Allerton Avenue in the heart of South San Francisco, the initial phase of Vantage will consist of two purpose-built life science buildings totaling approximately 343,000 square feet, in addition to a high-end 30,000 square foot amenity center complemented with ample outdoor meeting and community space. The campus also offers tenants direct access to the recently completed Rails to Trail pathway, which provides a pedestrian connection to downtown South San Francisco’s restaurant and retail corridor, as well as the Caltrain station, which is undergoing a multi-year renovation.
“We are excited to continue our momentum in South San Francisco with the first phase of Vantage,” said Scott Bohn, Healthpeak’s Senior Vice President and Co-Head of Life Science. “This project is the next step in our ongoing development pipeline and will provide much-needed expansion space to our existing tenant base and the growing South San Francisco life science community.”
Vantage is Healthpeak’s third active development in the South San Francisco market, joining The Shore at Sierra Point and Nexus on Grand. The project is expected to break ground in the fourth quarter of 2021 with anticipated completion in the second half of 2023.
ABOUT HEALTHPEAK PROPERTIES
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. For more information regarding Healthpeak, visit wwwhealthpeak.com.