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Healthpeak Entitled to Quadruple Lab Space in South San Francisco
Healthpeak Properties, Inc. said it had received approval of entitlements for Phases II and III of its purpose-built lab development campus, Vantage, in South San Francisco. The new entitlements will enable Denver-based Healthpeak to deliver an additional 1.3 million square feet of lab space, bringing the combined campus to approximately 1.7 million square feet upon full buildout.
“The future phases of Vantage provide Healthpeak a strategic development pipeline to meet the growth needs of our current and future tenants,” said chief development officer Scott Bohn. “We’re appreciative of the collaborative and mutually beneficial relationship we have fostered with the City of South San Francisco over the past three decades and look forward to Vantage furthering South San Francisco’s position as a leading market for biotech innovation.”
In 2022, Healthpeak commenced construction on Phase I of Vantage, including 343,000 rentable square feet across two buildings along with a 40,000-square-foot amenity building. Phase I is currently 52% leased to Astellas Pharma.
