Healthpeak Properties, Inc. said on Thursday that it will begin construction of its Nexus on Grand, a life science development located at 233 East Grand Avenue in South San Francisco.
The Class A development will consist of a five-story building totaling approximately 141,000 square feet and an adjacent parking structure.
”The purpose-built lab building will feature state-of-the-art design, prominent location on East Grand Avenue, flexible and efficient floor plates, and lab-ready building systems that will accommodate a number of life science uses,” said Healthpeak in a statement.
“We are pleased to continue to grow our footprint in South San Francisco and meet the growing demand from tenants looking for a distinguished campus in one of the top life science markets in the world,” said Scott Bohn, Healthpeak’s Senior Vice President and Co-Head of Life Science.
Nexus on Grand will be Healthpeak’s third ground-up development in the market since 2015, following its leasing at The Cove at Oyster Point and The Shore at Sierra Point.