Updated Jan 21, 2026
Catherine Owen Adams Of Acadia Pharmaceuticals Leases 16000 SF At Kilroy Realty's Oyster Point Campus
384 Oyster Point Boulevard
Building Size
16,000 SF
Asset Type
Life Sciences
Closing
Nov 1, 2025
About this deal
AI
The transaction involves a lease agreement for 16,000 square feet of life sciences space located at 384 Oyster Point Boulevard in the South San Francisco market. This asset is part of the second phase of Kilroy Realty’s project, which spans 865,000 square feet in total.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: Not Specified
- Address: 384 Oyster Point Boulevard
- Market: South San Francisco
- Landlord: Angela Aman - Kilroy Realty
- Tenant: Catherine Owen Adams - Acadia Pharmaceuticals
Angela Aman represents Kilroy Realty in this transaction, while Catherine Owen Adams represents Acadia Pharmaceuticals. The lease enables Acadia to expand its presence beyond San Diego and Princeton, allowing the company access to the Bay Area’s biotech talent pool.
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Life Sciences
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South San Francisco Life Sciences Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93