Alexandria Joins TMG on SoMa Office Development

Alexandria Real Estate Equities is teaming up with TMG Partners on its development of an office project. The site, at 505 Brannan St., is approved for a 183,000-square-foot building.

The intent, as is no surprise for the San Francisco area, is to draw in more tech tenants. Adobe, Dropbox and Pinterest are already in the neighborhood, and more firms are said to want space in the transforming area.

The venture is by means the only similar one in SoMa. Boston Properties, Kilroy Reatly, SKS Development and Tishman Speyer all have projects planned there.