DENVER, March 18, 2021 /PRNewswire/ -- Healthpeak
Properties, Inc. (NYSE: PEAK) announced today that it will commence
construction of its Nexus on Grand development located at 233 East
Grand Avenue in South San Francisco. The Class A development will
consist of a five-story building totaling approximately 141,000
square feet and an adjacent parking structure. The purpose-built
lab building will feature state-of-the-art design, prominent
location on East Grand Avenue, flexible and efficient floor plates,
and lab-ready building systems that will accommodate a number of
life science uses.
"We are pleased to continue to grow our footprint in South San
Francisco and meet the growing demand from tenants looking for a
distinguished campus in one of the top life science markets in the
world," said Scott Bohn,
Healthpeak's Senior Vice President and Co-Head of Life Science.
Healthpeak is a pioneer of life science development
in South San Francisco with a track record of delivering
first class life science campuses in this market since the
mid-1990s. Nexus on Grand will be Healthpeak's third ground-up
development in the market since 2015, following its leasing success
at The Cove at Oyster Point and The Shore at Sierra Point.
ABOUT HEALTHPEAK
Healthpeak Properties, Inc. is a fully integrated real estate
investment trust (REIT) and S&P 500 company. Healthpeak owns
and develops high-quality real estate in the three private-pay
healthcare asset classes of Life Science, Medical Office and CCRCs.
At Healthpeak, we pair our deep understanding of the healthcare
real estate market with a strong vision for long-term growth. For
more information regarding Healthpeak, visit
www.healthpeak.com.
FORWARD-LOOKING STATEMENTS
Statements in this release that are not historical factual
statements are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
statements include those regarding the development of Nexus on
Grand. All forward-looking statements are made as of the date
hereof, are not guarantees of future performance and are subject to
known and unknown risks, uncertainties, assumptions and other
factors — many of which are out of Healthpeak's and its
management's control and difficult to forecast — that could cause
actual results to differ materially from those set forth in or
implied by such forward-looking statements. These risks and
uncertainties include but are not limited to: Healthpeak's ability
to commence and complete the development, or portions thereof, in
the contemplated timeframes or at all; the risk that Healthpeak may
not be able to achieve the benefits of the development within
expected timeframes or at all, or within expected cost projections;
and other risks and uncertainties described from time to time in
Healthpeak's Securities and Exchange Commission filings. You should
not to place undue reliance on any forward-looking statements.
Healthpeak assumes no, and hereby disclaims any, obligation to
update any forward-looking statements as a result of new
information or new or future developments, except as otherwise
required by law.
CONTACT
Andrew Johns
Vice President – Corporate Finance and Investor Relations
720-428-5400
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SOURCE Healthpeak Properties, Inc.