{"id":37458,"date":"2024-01-12T07:31:59","date_gmt":"2024-01-12T04:31:59","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=37458"},"modified":"2025-07-21T14:43:36","modified_gmt":"2025-07-21T11:43:36","slug":"south-san-francisco-life-sciences-campus-gets-expansion-approval","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/south-san-francisco-life-sciences-campus-gets-expansion-approval\/","title":{"rendered":"South San Francisco Life Sciences Campus Gets Expansion Approval"},"content":{"rendered":"

Denver-based real estate investment trust company Healthpeak Properties recently announced that it had obtained approval for the next two phases of construction at its Vantage life sciences office campus in South San Francisco.<\/p>\n

The newly awarded entitlements cover 1.3 million square feet of additional space, which doubles the allowable density that Healthpeak banked on when it acquired the land. Additionally, the long-term nature of the entitlements granted offers the company flexibility to deliver phases II and III of the development at a pace that aligns with forecasted market demand.<\/p>\n

Upon completion, the purpose-built lab development campus will incorporate a total of 1.7 million square feet of strategically located lab and office space in South San Francisco<\/a>. Spanning a total of 20 acres within close proximity of the headquarters of biotechnology corporation Genentech, Vantage offers tenants a highly amenitized location with convenient access to multiple modes of transportation. For instance, the campus features direct access to the Rails-to-Trails pathway, which provides a pedestrian connection to downtown South San Francisco\u2019s restaurant and retail corridor, as well as the recently renovated Caltrain station.<\/p>\n

Healthpeak began construction of Vantage phase I in 2022 to deliver 343,000 rental square feet across two buildings \u2014 Vantage A and Vantage B at 480 and 490 Forbes Blvd., respectively \u2014 as well as a 40,000-square-foot amenity building featuring multiple dining options, conferencing space, and a fitness center.<\/p>\n

Japanese multinational pharmaceutical company Astellas Pharma leased the 154,000-square-foot Vantage Building A in 2022 to serve as its West Coast innovation and research center. Then, this past December, the company reportedly started moving into what will be the consolidated home for several business units and functions that were scattered throughout the San Francisco area.<\/p>\n

\u201cInspired by our success at The Cove and other nearby campuses, the Vantage master plan is a continuation of Healthpeak\u2019s vision to create a world-class campus that provides an inviting and collaborative setting for the nurturing of ideas, knowledge, and discoveries that shape the biotech industry,\u201d said Scott Bohn, chief development officer, and co-head of the lab division at Healthpeak. \u201cThe future phases of Vantage provide Healthpeak a strategic development pipeline to meet the growth needs of our current and future tenants. We\u2019re 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\u2019s position as a leading market for biotech innovation.\u201d<\/p>\n

South San Francisco is home to one of the fastest-growing life sciences clusters on the peninsula. Offering convenient access to the Bay Area\u2019s most dense ecosystem of life sciences companies and intellectual capital \u2014 as well as invaluable proximity to both UCSF and Stanford University \u2014 it\u2019s not surprising that this San Francisco<\/a> submarket has maintained a near 0% vacancy rate across the local life sciences real estate segment.<\/p>\n

Looking to rent research-ready office space in South San Francisco or other fast-growing clusters? Select any of the markets linked below or visit the CommercialCafe<\/a> homepage to start your search!<\/em><\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t
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Office space in Cincinnati<\/a><\/td>Office space in Sacramento<\/a><\/td>Office space in Indianapolis<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"

Healthpeak Properties gets green light for Vantage Phase I and Vantage Phase II at massive South San Francisco life sciences campus. <\/p>\n","protected":false},"author":48,"featured_media":21604,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,39],"tags":[],"class_list":["post-37458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-office","wpautop"],"acf":[],"yoast_head":"\nVantage Life Sciences Campus Gets 1.3MSF Boost | CommercialCafe<\/title>\n<meta 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