Unparalleled Waterfront Development Opportunity in San Francisco

San Francisco, SKS Partners, Shorenstein Properties, Oyster Point, Bay Area, JLL Capital Markets, Menlo Park, Palo Alto, Peninsula

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JLL seeks development capital for The Landing at Oyster Point on behalf of Shorenstein and SKS

SAN FRANCISCO – JLL’s Capital Markets experts have been hired as the exclusive advisor to Shorenstein Properties and SKS Partners in the capitalization of The Landing at Oyster Point, a fully-entitled, 42-acre waterfront development site allowing for up to 2.25 million square feet of commercial space in the heart of the Bay Area’s life sciences and technology markets. This once-in-a-generation development opportunity represents the only fully-entitled site in the Bay Area able to accommodate more than one million square feet of Class A office and/or life science product with unobstructed panoramic views of the Bay and immediate waterfront access.

Managing Directors Michel Seifer, Rob Hielscher, Erik Doyle, Will Connors and Vice President Erik Hanson are leading the JLL team’s international efforts.

“It’s incredibly rare that an offering of this scale becomes available in the San Francisco Bay Area market, especially one that is fully entitled and strategically located in the flourishing Peninsula office market between Palo Alto and San Francisco,” said Seifer. “The timing for this investment is good. Last year, the Bay Area captured $24.7 billion – half of all U.S. venture capital funding – and technology and healthcare/biotech companies are looking to expand their presence in the heart of the most prominent life
science cluster in the world. We expect to receive significant interest in the opportunity at The Landing at Oyster Point from both domestic and foreign investors.”

The development site is just five miles south of the city of San Francisco, directly adjacent to Genentech’s global headquarters in South San Francisco and surrounded by more than 60 other pioneering firms. Since Shorenstein and SKS acquired the property in 2008, the city of South San Francisco has partnered with the developers to prepare the site for redevelopment. The city also has plans to develop additional amenities at the site, such as a new 350-room hotel, conference center, and 40,000 square feet of retail and restaurant space, as well as a new public beach, bike path, recreation field and boat ramp.

Transportation infrastructure in and around The Landing at Oyster Point is particularly strong. The site enjoys superior access from all Bay Area transportation options – Highways 101 and 280, the Bay Ferry, light rail (Caltrain, BART, and future high-speed rail), and is just a few minutes from San Francisco International Airport. The site is positioned close to Silicon Valley, San Francisco and the East Bay and several world renowned research and academic institutions, including Stanford, UCSF and UC Berkeley.

South San Francisco has been at the forefront of supporting entrepreneurship and is one of the top clusters in the country for life science and technology. In many studies, the city is first in venture capital, NIH funding and angel funding, and the first in the number of patents granted.

The development site currently provides substantial in-place income from an existing 443,000-square-foot business park, 235-berth marina village and a 30-room boutique hotel.

About JLL Capital Markets
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2014 alone, JLL Capital Markets completed $118 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 1,700 specialists, operating all over the globe. For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world. For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.

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