{"id":1004517505,"date":"2021-03-22T04:24:18","date_gmt":"2021-03-22T12:24:18","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004517505"},"modified":"2021-05-15T10:18:15","modified_gmt":"2021-05-15T18:18:15","slug":"healthpeak-properties-surges-in-california","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/healthpeak-properties-surges-in-california\/","title":{"rendered":"Healthpeak Properties Surges in California"},"content":{"rendered":"
\"Rendering<\/a>

Rendering of Nexus on Grand. Image courtesy of Flad Architects<\/em><\/p><\/div>\n

Healthpeak Properties Inc., of Denver, is about to start construction of a five-story, Class A life sciences laboratory facility at 233 E. Grand Ave. in South San Francisco, Calif.<\/p>\n

\n

READ ALSO<\/strong>: The Life Science Industry\u2019s Transformation<\/a><\/p>\n

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The Nexus on Grand development will total about 141,000 square feet, plus an adjacent parking structure. The purpose-built lab building reportedly will feature lab-ready building systems that will accommodate a variety of life science uses.<\/p>\n

Healthpeak is also planning to densify its Callan Ridge campus, at 3020-3030 Callan Road in San Diego\u2019s Torrey Pines submarket. The project will nearly double the current leasable area, by replacing an outmoded 90,000-square-foot building with two new Class A buildings totaling about 185,000 square feet.<\/p>\n

\"Rendering<\/a>

Rendering of Callan Ridge. Image courtesy of FPBA<\/p><\/div>\n

Callan Ridge, which is within Healthpeak\u2019s 20-acre-plus Torrey Pines Science Park, will feature flexible floorplates, as well as a green roof deck with coastal and canyon views.<\/p>\n

East, West and Texas<\/h2>\n

Nexus on Grand will be Healthpeak\u2019s third ground-up development in South San Francisco since 2015, following The Cove at Oyster Point and The Shore at Sierra Point.<\/p>\n

Healthpeak\u2019s The Boardwalk project in Torrey Pines is slated for initial occupancy in the fourth quarter and is now 100 percent preleased. The three-building 195,000-square-foot lab and office campus got under way a year ago January<\/a>.<\/p>\n

Then, last June, Healthpeak began construction on a 116,500-square-foot medical office building<\/a> for the Woman\u2019s Hospital of Texas, in Houston.<\/p>\n

In November, a joint venture of Healthpeak and King Street Properties started developing 101 Cambridgepark, a $170 million Class A lab facility<\/a> in Cambridge, Mass.<\/p>\n

And most recently, in December Healthpeak acquired Cambridge Discovery Park<\/a>, also in Cambridge, Mass. A $720 million price tag bought Healthpeak a majority ownership stake in the three-building, 620,000-square-foot property, sold by a joint venture of The Bulfinch Cos., Harrison Street and National Real Estate Advisors. Bulfinch retained a minority stake and continues to manage the park.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company has announced a major life sciences project in South San Francisco, as well as a major expansion in San Diego.<\/p>\n","protected":false},"author":882,"featured_media":1004528783,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21754,21742,1608,1609,15],"tags":[],"class_list":["post-1004517505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-medical-office","category-latest","category-san-diego","category-san-francisco","category-west"],"acf":[],"yoast_head":"\nHealthpeak Properties Surges in California - 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\/healthpeak-properties-surges-in-california\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Healthpeak Properties Surges in California\" \/>\n<meta property=\"og:description\" content=\"The company has announced a major life sciences project in South San Francisco, as well as a major expansion in San Diego.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/healthpeak-properties-surges-in-california\/\" \/>\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=\"2021-03-22T12:24:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T18:18:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Nexus-on-Grand.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\/healthpeak-properties-surges-in-california\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/healthpeak-properties-surges-in-california\/\",\"name\":\"Healthpeak Properties Surges in California - 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