Quote:
Originally Posted by WildCowboy
From the transcript of Alexandria's earnings conference call a couple of days ago:
1500 Owens: They have a 50,000 square foot commitment from an "institutional anchor"...that's ~40% of the building. They also have "strong active interest" for the rest of it.
455 Mission Bay Boulevard South: They have an executed letter-of-intent from a "very prominent user" for over 100,000 square feet...one of the two connected buildings in the initial Buildings 2/3 project.
1600 Owens: They are in "late stage negotiations" regarding "most or all" of the building. This is a ~240,000 square-foot building...I believe it's 10 stories, 160 feet. |
That's great news about demand still being high--just what we need to keep driving this whole area forward! It has definitely become one of the City's main economic engines and a powerful positive force spotlighting the Bay Area yet again.
