{"id":1004374622,"date":"2019-12-10T05:47:48","date_gmt":"2019-12-10T13:47:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004374622"},"modified":"2019-12-10T05:47:48","modified_gmt":"2019-12-10T13:47:48","slug":"biomed-welcomes-biotech-powerhouse-at-bay-area-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/biomed-welcomes-biotech-powerhouse-at-bay-area-campus\/","title":{"rendered":"BioMed Welcomes Biotech Powerhouse at Bay Area Campus"},"content":{"rendered":"<div id=\"attachment_1004374625\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004374625\" data-attachment-id=\"1004374625\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/biomed-welcomes-biotech-powerhouse-at-bay-area-campus\/gateway-pacific-image-courtesy-of-biomed-realty\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Gateway-Pacific.-Image-courtesy-of-BioMed-Realty.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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;0&quot;}\" data-image-title=\"Gateway Pacific. Image courtesy of BioMed Realty\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Gateway of Pacific. Image courtesy of BioMed Realty&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Gateway-Pacific.-Image-courtesy-of-BioMed-Realty.jpg?w=800\" class=\"wp-image-1004374625 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Gateway-Pacific.-Image-courtesy-of-BioMed-Realty.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Gateway-Pacific.-Image-courtesy-of-BioMed-Realty.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Gateway-Pacific.-Image-courtesy-of-BioMed-Realty.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Gateway-Pacific.-Image-courtesy-of-BioMed-Realty.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004374625\" class=\"wp-caption-text\">Gateway of Pacific Phase 2. <em>Image courtesy of BioMed Realty<\/em><\/p><\/div>\n<p>BioMed Realty has signed leading biotech company Amgen to a long-term lease for 240,000 square feet at BioMed\u2019s Gateway of Pacific campus in South San Francisco.<\/p>\n<p>The lease is for the entire north tower in the development\u2019s second phase, which will house Amgen\u2019s Bay Area scientists and employees focused on cardiometabolic, inflammation and oncology research.<\/p>\n<p>The 22.6-acre campus is just off Highway 101 and barely north of San Francisco International Airport and only half a mile from Caltrain\u2019s South San Francisco station.<\/p>\n<hr>\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/life-sciences-generates-abundant-cre-opportunities\/\">Life Sciences Generates Abundant Opportunities for CRE<\/a><\/p>\n<hr>\n<p>Gateway of Pacific includes 1.3 million square feet currently under construction in three phases:<\/p>\n<ul>\n<li>The 509,000-square-foot Phase I, which has been 94 percent leased by pharma giant AbbVie. BioMed has substantially completed the building\u2019s shell and core;<\/li>\n<li>Phase II comprises 440,000 square feet of Class A lab and office space in two interconnected towers. The north tower represents 55 percent of Phase II and is scheduled for occupancy by Amgen in early 2022;<\/li>\n<li>Phase III recently began construction and will deliver a further 350,000 square feet of Class A lab and office space to the campus.<\/li>\n<\/ul>\n<p>Gateway of Pacific also includes Traverse, a 50,000-square-foot amenity center with a food hall and sports bar, health club and spa, meeting and event spaces, and a variety of outdoor recreational areas.<\/p>\n<h2><strong>Biotech Hubs <\/strong><\/h2>\n<p>BioMed has been on a leasing tear in the fourth quarter. In October, it announced that molecular manufacturing technology company Zymergen had taken the entire <a href=\"https:\/\/www.commercialsearch.com\/news\/biomed-lands-tenant-for-300-ksf-bay-area-building\/\">300,000-square-foot life sciences building<\/a> at Emeryville Center for Innovation in the East Bay region.<\/p>\n<p>Also that month, an unidentified Fortune 50 company\u2014since revealed to be Apple\u2014agreed to be <a href=\"https:\/\/www.commercialsearch.com\/news\/biomed-secures-tenant-for-200-ksf-san-diego-project\/\">the sole tenant of APEX<\/a>, a four-story, 204,000-square-foot building that BioMed will develop in San Diego\u2019s University Towne Centre submarket.<\/p>\n<p>The demand for life science space in the Bay Area market continues to outpace supply, according to a third-quarter report from Kidder Mathews, which is tracking more than 3.9 million square feet of tenant requirements.<\/p>\n<p>The third quarter saw about 650,000 square feet of net absorption, with nearly three-fourths of it in San Mateo County and most of that in South San Francisco. The average vacancy rate bumped up slightly, but only to 3.58 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amgen has signed for 240,000 square feet at the Gateway of Pacific life sciences development in South San Francisco.<\/p>\n","protected":false},"author":882,"featured_media":1004374625,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21742,21747,1609,15],"tags":[34664,32854],"class_list":["post-1004374622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-latest","category-office","category-san-francisco","category-west","tag-amgen-inc","tag-biomed-realty"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BioMed Welcomes Biotech Powerhouse at Bay Area Campus - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/biomed-welcomes-biotech-powerhouse-at-bay-area-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BioMed Welcomes Biotech Powerhouse at Bay Area Campus\" \/>\n<meta property=\"og:description\" content=\"Amgen has signed for 240,000 square feet at the Gateway of Pacific life sciences development in South San Francisco.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/biomed-welcomes-biotech-powerhouse-at-bay-area-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-10T13:47:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Gateway-Pacific.-Image-courtesy-of-BioMed-Realty.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/biomed-welcomes-biotech-powerhouse-at-bay-area-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/biomed-welcomes-biotech-powerhouse-at-bay-area-campus\/\",\"name\":\"BioMed Welcomes Biotech Powerhouse at Bay Area Campus - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/biomed-welcomes-biotech-powerhouse-at-bay-area-campus\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/biomed-welcomes-biotech-powerhouse-at-bay-area-campus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Gateway-Pacific.-Image-courtesy-of-BioMed-Realty.jpg\",\"datePublished\":\"2019-12-10T13:47:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/biomed-welcomes-biotech-powerhouse-at-bay-area-campus\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/biomed-welcomes-biotech-powerhouse-at-bay-area-campus\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/biomed-welcomes-biotech-powerhouse-at-bay-area-campus\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Gateway-Pacific.-Image-courtesy-of-BioMed-Realty.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Gateway-Pacific.-Image-courtesy-of-BioMed-Realty.jpg\",\"width\":800,\"height\":620,\"caption\":\"Gateway of Pacific. 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