{"id":1004141998,"date":"2016-04-18T00:55:23","date_gmt":"2016-04-18T08:55:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004141998"},"modified":"2020-05-18T16:10:29","modified_gmt":"2020-05-19T00:10:29","slug":"biomed-gives-bristol-myers-keys-to-bay-area-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/biomed-gives-bristol-myers-keys-to-bay-area-campus\/","title":{"rendered":"BioMed Gives Bristol-Myers Keys to Bay Area Campus"},"content":{"rendered":"<p>By Barbra Murray, Contributing Editor<\/p>\n<div id=\"attachment_1004141999\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Woodside-Technology-Park-Redwood-City-Calif..jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004141999\" data-attachment-id=\"1004141999\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/biomed-gives-bristol-myers-keys-to-bay-area-campus\/woodside-technology-park-redwood-city-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Woodside-Technology-Park-Redwood-City-Calif..jpg\" data-orig-size=\"945,474\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Woodside Technology Park, Redwood City, Calif.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Woodside-Technology-Park-Redwood-City-Calif..jpg?w=945\" class=\"wp-image-1004141999 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Woodside-Technology-Park-Redwood-City-Calif..jpg\" alt=\"Woodside Technology Park, Redwood City, Calif.\" width=\"300\" height=\"150\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Woodside-Technology-Park-Redwood-City-Calif..jpg 945w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Woodside-Technology-Park-Redwood-City-Calif..jpg?resize=300,150 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Woodside-Technology-Park-Redwood-City-Calif..jpg?resize=768,385 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004141999\" class=\"wp-caption-text\">Woodside Technology Park, Redwood City, Calif.<\/p><\/div>\n<p><strong>San Francisco<\/strong>\u2014<a href=\"https:\/\/www.biomedrealty.com\/\" rel=\"nofollow\" target=\"_blank\">BioMed Realty<\/a>&#8216;s relationship with <a href=\"https:\/\/www.bms.com\/pages\/default.aspx\" rel=\"nofollow\" target=\"_blank\">Bristol-Myers Squibb<\/a> just got stronger at the Woodside Technology Park in Redwood City, Calif., where the global biopharmaceutical company recently expanded its presence by signing a new 62,000-square-foot lease. BioMed now has a full tenant roster at the 256,0000-square-foot, San Francisco Bay Area life sciences campus, and it features just one name: Bristol-Myers.<\/p>\n<p>When BioMed acquired Woodside for $87 million in 2013, Bristol-Myers was already the lead tenant at the 11.5-acre property on Bay Road, occupying a single building in its entirety. Developed in 1999, Woodside consists of three two-story office and laboratory structures, and Bristol-Myers claimed a second in 2014. Now it has taken over the campus completely with its lease of the third building, which will feature cutting-edge accommodations and some of the highest water and energy efficiency standards.<\/p>\n<p>Bristol-Myers\u2019 new commitment will extend through March 2027, as will the company\u2019s leases at the other two Woodside buildings. &#8220;The expansion of our facilities in Redwood City is evidence of the value that Bristol-Myers Squibb sees in the Bay Area scientific community and our relationship with BioMed Realty,&#8221; Nils Lonberg, head of Oncology Biology Discovery at Bristol-Myers Squibb, said in a prepared statement.<\/p>\n<p>The San Francisco Bay Area continues to thrive as one of the top life sciences hubs in the country, according to a report by commercial real estate services firm <a href=\"https:\/\/www.us.jll.com\/united-states\/en-us\" rel=\"nofollow\" target=\"_blank\">JLL<\/a>, ranking third behind Raleigh-Durham and the Greater Boston area, which still holds the #1 spot. BioMed\u2019s Bay Area portfolio spans more than 3 million square feet.<\/p>\n<p>\u201cWe continue to see growth and vitality across the Bay Area life science community, as further demonstrated by Bristol-Myers Squibb\u2019s rapid expansion in the Peninsula,\u201d Scott Altick, vice president, Bay Area Leasing with BioMed Realty, told <a href=\"https:\/\/www.commercialsearch.com\/news\/\" target=\"_blank\">Commercial Property Executive<\/a>. \u201cProximity to world-class research institutions and a sustained influx of capital are long-term demand drivers that continue to solidify the Bay Area\u2019s position as a global epicenter of scientific research, development and commercialization.\u201d<\/p>\n<p>The Bristol-Myers lease wasn\u2019t BioMed\u2019s only notable news over the last few months. Earlier in April, the provider of real estate solutions to the life science community <a href=\"https:\/\/www.commercialsearch.com\/news\/san-diego-life-science-campus-finds-tenant\/\" target=\"_blank\">signed genomics company Illumina Inc.<\/a> to a 10-year lease of its 316,000-square-foot i3 campus development in San Diego. And in January, BioMed kicked off 2016 with the completion of its <a href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-completes-8b-acquisition-of-biomed-realty\/\" target=\"_blank\">acquisition by affiliates of Blackstone Real Estate Partners VIII LP<\/a>, in an approximately $8 billion transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bristol-Myers Squibb has signed a new 62,000-square-foot lease at BioMed Realty&#8217;s Woodside Technology Park.<\/p>\n","protected":false},"author":969,"featured_media":1004141999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26289,21784,21808,21754,21742,21747,1609,15],"tags":[],"class_list":["post-1004141998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cpe-weekly-newsletter-article","category-brokerage","category-featured","category-medical-office","category-latest","category-office","category-san-francisco","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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