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Key 2.5M-SF Life Science Development Site Trades for $308M
Los Angeles-based Kilroy Realty Corporation (KRC) acquired a life sciences development site in South San Francisco from Oyster Point Development LLC, whose major shareholder is China’s Greenland USA, for roughly $308 million. The Oyster Point site is fully entitled for 2.5 million square feet.
KRC indicated it plans to develop, over multiple phases, a state-of-the-art laboratory and office complex that will eventually encompass 11 buildings spread across a nearly 40-acre waterfront site. Located at Oyster Point and Marina Boulevards, the site is next to Kilroy’s existing three-building Oyster Point Tech Center.
“Kilroy Oyster Point is a significant opportunity to expand our West Coast life science platform in a prudent and disciplined manner,” said KRC’s John Kilroy. “It offers all the advantages we look for in new development—a strong location in a world-class market serving a dynamic industry with all the services and amenities required to attract today’s young, urban innovative workforce.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


