TMG Partners and Alexandria Real Estate Equities Pick Up San Francisco Dev Site

News & Awards.

TMG Partners has won awards for many projects
including honors for “Best Mixed Use,”
“Best Office,” and “Best Historic Rehabilitation”.

May 13, 2015
RENTV.com
TMG Partners and Alexandria Real Estate Equities Pick Up San Francisco Dev Site

A joint venture between TMG Partners and Alexandria Real Estate Equities Inc has acquired 505 Brannan Street, a fully entitled development site in San Francisco complete with Prop M office allocation secured during late 2014. The site is currently slated for a 135k sf office building.

“The project has everything tenants are looking for – large floor-plates, a side core design, surrounded by residential and retail amenities – and has great transit access with the Cal Train station a block away and a new Central Subway stop less than half a block away,” said Matt Field, Chief Investment Officer with TMG Partners. “We expect extremely strong demand for the project.”

“Alexandria’s highly successful Mission Bay-SoMa cluster — comprised of 980k sf of operating properties — is 100% leased predominately to investment grade tenants and its near-term development pipeline comprised of 723k sf is also 100% leased to high quality disruptive technology companies,” said said Stephen Richardson, Chief Operating Office and Regional Market Director, San Francisco from Alexandria Real Estate Equities Inc.

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