Amgen lately opened a brand new analysis and growth facility on the 2.2 million-square-foot Gateway of Pacific life science campus in South San Francisco.
The biopharmaceutical big signed a long-term lease with BioMed Realty, proprietor and developer of Gateway of Pacific, in 2019 to be the only real occupant of a brand-new, 245,000-square-foot laboratory and workplace constructing.
BioMed delivered Amgen’s new house, 750 Gateway Blvd., in early 2022 as a part of Part II of the 23-acre Gateway of Pacific growth. In response to data posted on the web site of building consultancy Nova Companions, which managed Amgen’s tenant enhancements, the nine-story tower was developed at a worth of roughly of $158 million. The Flad Architects-designed constructing, linked by way of a common-space atrium to a different new workplace/lab construction, is a state-of-the-art facility with modular labs and open workspaces conceived to advertise collaboration. The brand new constructing can also be Amgen’s second-largest R&D facility on the earth.
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The central characteristic of Amgen’s new glass-clad house, nonetheless, is its sustainability. 750 Gateway incorporates such components as inexperienced dwelling partitions and sustainable supplies in its flooring. The tower boasts LEED and Fitwel certifications and is within the means of making use of for TRUE and WELL certifications. One other feather in 750 Gateway’s environmental cap is its designation as a pilot web site for MyGreenLabs certification.
The brand new Amgen San Francisco location, Saptarsi Haldar, vice chairman, mentioned in a ready assertion, is the “good mixture of know-how and biotech innovation, making Amgen a horny place for native scientific professionals.” Along with the trendy workspace lodging, Amgen’s roughly 600 staff will even have entry to an array of facilities obtainable at Gateway of Pacific’s campus, together with the 47,000-square-foot Traverse heart, which encompasses eating places, a well being facility and assembly and occasion area.
Premier area stays a precedence
Headquartered in Thousand Oaks, Calif., Amgen has had R&D operations within the San Francisco Bay Space for roughly 20 years. On the time of Amgen’s lease settlement with BioMed for 750 Gateway three years in the past, the corporate was leasing a complete of roughly 684,000 sq. ft at Healthpeak Properties’ Britannia Oyster Level campus. Nevertheless, in 2022, Amgen exercised its choice to terminate its lease at Britannia Oyster Level’s 1100 and 1120 Veterans Blvd., which complete roughly 190,000 sq. ft. The corporate’s lease of the 68,000-square-foot 1140 Veterans Blvd. at Britannia Oyster Level is because of expire in December 2022.
With Amgen’s departure and different tenant vacancies, Healthpeak is taking the chance to improve the 10-building campus. “We’re redeveloping six buildings to be able to seize optimum rents, leading to near-term drag however will probably be considerably accretive upon stabilization in 2025,” Healthpeak famous in its June 2022 investor presentation.
Whereas the pursuit of upper rents will be the precedence for all times science property homeowners, the bid to draw and retain expertise stays a key focus for all times science tenants, who dangle cutting-edge workspace as a carrot.
“Competitors for expertise in an general very tight labor market has heated up within the life sciences sector with postings for all times sciences jobs at at the moment double the pre-pandemic ranges,” based on an October life science report by Cushman & Wakefield. “Within the U.S., year-to-date by means of August 2022, there have been a complete of 413,120 life sciences occupation postings, a 28 % improve from the identical interval final 12 months.”
