Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Brokers Sale of Prime Life Science Development Site in South San Francisco

5/7/2020
BURLINGAME, Calif., May 7, 2020 – Cushman & Wakefield announced today the firm has brokered the off-market sale of a key development site of nearly two acres located at 580 Dubuque Avenue – currently known as South City Station. IQHQ, a premier life sciences real estate development company, acquired the property in the heart of South San Francisco from Republic Metropolitan.

South City Station rendering DESThe South City Station site is pursuing entitlements for a 213,000-square-foot development. Ben Paul, Executive Managing Director, with Cushman & Wakefield represented both parties in the transaction.

“The San Francisco Peninsula real estate market remains a global leader for the life sciences industry and has maintained superior market fundamentals even during these painful times amidst the pandemic,” said Ben Paul.

Paul added, “This site provide a unique opportunity for IQHQ to develop a Class A facility of scale at the South City train station within walking distance to brand new residential and the burgeoning downtown.” Ben Paul and Mike Moran of Cushman & Wakefield will be retained for the leasing assignment.

“We are thrilled to acquire the South City Station development site, which not only represents a significant project for the South San Francisco market, but a prized addition to our growing real estate portfolio,” said Tracy A. Murphy, President of IQHQ. “Once complete, South City Station will immediately meet the growing demand for premier life science real estate and R&D space in the thriving South San Francisco market. It will be developed to attract top talent.”

The property is located immediately adjacent to the future South San Francisco Caltrain Station expected to open in Spring of 2021 and will connect from San Jose into Downtown San Francisco. It is also near the San Francisco International Airport.

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

Media Contact

Joshua Deale San Diego Communications Manager
Joshua Deale

Communications Manager • Costa Mesa

Mr. Deale leads strategic media relations and thought leadership efforts for the West Region markets, and oversees their online presence including managing article and social media efforts.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS