California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Bay Area  + Healthcare  | 

Genetics Firm is at the Right Place at the Right Time

As the saying goes, timing is everything. This was especially true for the genetics firm, Invitae Corporation. It recently signed a direct lease for approximately 40,000 square feet at 444 De Haro St. office building in San Francisco, according to ASB Real Estate Investments (ASB).

“A medical device manufacturer had plans to vacate their lab space, creating a compelling opportunity for Invitae to occupy the premises with minimal capital expense and no downtime,” said Aaron Duncan, ASB’s senior vice president and Western region head. “The property’s combination of fully developed laboratory space and unique creative office attributes including large floorplates, open space designs and high ceilings made the building an ideal fit for Invitae, given the limited supply of this kind of product in the market.”

ASB’s ownership investment in the property is made on behalf of its Allegiance Fund, a $7.3 billion core investment vehicle.

Invitae, which also leases space from ASB at 1400 16th St. in San Francisco, has experienced rapid growth and needed to expand into additional specialized laboratory and creative office space.

Connect

Inside The Story

Learn About 444 De Haro Street

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Lease
Chase-08-cube
Colliers-58-cube
Chase-08-cube