AbbVie Signs Major Lease at BioMed Realty’s Gateway of Pacific Complex

SAN FRANCISCO—Global biopharmaceutical firm AbbVie Inc. has signed a long-term lease for approximately 480,000 square feet at BioMed Realty’s Gateway of Pacific development currently under construction in South San Francisco.

North Chicago, IL-based AbbVie is the first tenant at the Gateway campus. BioMed Realty is currently building the first phase of the 1.4 million square foot Gateway of Pacific campus. The 550,000-square-foot building in development is comprised of state-of-the-art laboratory and office space and a first-class amenity center housing multiple dining options, a health club, informal meeting spaces and a variety of outdoor recreation areas.

The phase one office and laboratory building provides the flexibility and customization demanded by the growing biotechnology industry, and also further validates South San Francisco as a global center for life science research, development and commercialization, BioMed Realty officials state. Gateway of Pacific is located at the corner of Gateway Boulevard and Oyster Point Boulevard.

“We are thrilled to welcome a blue-chip enterprise like AbbVie to the first phase of Gateway of Pacific,” says Tim Schoen, president and CEO of BioMed Realty. “Furthermore, we are excited about the opportunity to expand our existing relationship with AbbVie.”

Concurrently, BioMed Realty reports it is advancing construction of phase two of the campus, which will consist of 431,000 square feet of laboratory and office space and a parking structure. The company expects completion of phase two in late 2021.

In addition to the Gateway of Pacific lease, BioMed Realty has recently completed several other prominent leases throughout its Bay Area portfolio, including an expansion of its relationship with growing technology company Lucid Motors at the Pacific Research Center in Newark, CA. The automotive innovator relocated its headquarters to Pacific Research Center in late 2017, and recently expanded its footprint into an additional 305,000 square feet at the campus.

The recent expansion and addition of several research and healthcare companies, including the University Healthcare Alliance, an affiliate of Stanford Healthcare, successfully brought Pacific Research Center to 100% leased. BioMed Realty also recently secured a 44,000-square-foot lease with Novo Nordisk as a tenant at Dumbarton Circle in Fremont, CA expanding the global research firm’s Seattle and Bay Area footprint with BioMed Realty to more than 125,000 square feet.

Leasing activity at BioMed Realty properties in the Bay Area in 2018 now totals more than 1.2 million square feet.