Biotech company inks long-term lease in California

Genentech to occupy more than 120,000 square feet

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Alexandria Real Estate Equities Inc. recently announced it has executed a 12-year lease with biotechnology company Genentech Inc. for a ground-up development of an approximately 121,000-square-foot facility in South San Francisco, Calif. The value of the transaction was not disclosed. Genentech is scheduled to take delivery of the four-story property in the fourth quarter of 2006, according to a press statement. Alexandria Real Estate Equities Inc. is a publicly traded real estate investment trust focused on properties containing office/laboratory space. ...