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California  + Bay Area  | 

SoMa’s Last Development Site?

It looks like the last major available space of development in the South of Market area has gotten called for. Apparently the REIT Alexandria Real Estate Equities will purchase the SF Tennis facility owned by Bay Club for new development.

It follows the trend of current and soon-to-be office space in the area. The site totals 114,000 square feet and sits at the corner of corner of 5th and Brannan streets.

Alexandria is the landlord for other tenants in the area, currently including Nektar and Bayer, as well as Uber and Stripe in the future, so it looks like the area will be home to more big-name offices.

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