California + Bay Area + Healthcare | October 3, 2022

GI Partners Pays $388M for Trio of Peninsula Life Science Assets

GI Partners continues its strategy of acquiring and managing tech and science real estate, purchasing a portfolio of three life sciences lab buildings in South San Francisco and San Carlos, CA. The company purchased the “Peninsula Lab Collection” from Alexandria Real Estate for a combined total of $388 million.

“The Peninsula Lab Collection offers a rare, scalable life sciences acquisition opportunity in two of the most attractive Bay Area submarkets. We are thrilled to invest in a portfolio that provides stable, in-place yield with a diversified mix of emerging and established tenants,” said GI Partners Principal John Curran in a news release.

The three Class-A buildings are located at 7000 Shoreline Court (pictured) and 341 Oyster Point Boulevard in South San Francisco and 75 Shoreway Road in San Carlos. The properties are currently 100% leased and provide tenants with modern and flexible lab infrastructure.

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GI PartnersAlexandria Real EstateJohn Curran

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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