Scott M. Brinker Of Healthpeak Properties Acquires Gateway Boulevard Life Sciences Campus For $600M
California
See Similar DealsScott M. Brinker Of Healthpeak Properties Acquires Gateway Boulevard Life Sciences Campus For $600M
Summary
Healthpeak Properties acquired the Gateway Boulevard healthcare campus located in South San Francisco. The transaction involved a sale price of $600 million for a 1.4 million-square-foot property situated on 29 acres.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: $600,000,000
- Square Footage: 1,400,000
- Price Per Square Foot: $429
- Address: Gateway Boulevard
- Market: South San Francisco
- Acres: 29
- Buyer: Scott M. Brinker - Healthpeak Properties
This acquisition marks a significant expansion for Healthpeak Properties, increasing its local footprint to 6.5 million square feet across 210 acres. The purchase is part of $925 million in recent transactions, partially funded by $325 million from outpatient asset sales, aligning with Healthpeak’s capital allocation strategy amid strong demand in the life sciences sector.
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