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29

Office Reignites as Life Science Facility

By Tony Seruga

NEW event in SoCal! Meet the people leading the sector at RealShare Industrial West. The Westin Long Beach, January 19-20. Room block available.

Centennial is to be transformed into a life science facility, rebranded as Genesis.

SOUTH SAN FRANCISCO—This submarket is one of the nation’s top life sciences markets with more than 100 biotech firms employing more than 14,000 people. The vacancy rate was 0% as of third quarter 2015, while overall vacancies in the Peninsula life science market were just 0.9%.Centennial Towers, a 12-story, 340,000-square-foot, class-A office building, is set to undergo a transformation into a life science facility, rebranded as Genesis. With limited future supply projected, Centennial Towers is well positioned to benefit from the market’s highly favorable demand-supply fundamentals…

Office Reignites as Life Science Facility

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