Private Biotech Company To Move Into Pacific Research Center

Word around the web is that the Pacific Research Center will be the new home of a private biotech company.

According to Commercial Property Executive, BioMed Realty Trust Inc. has recently signed a long-term lease with the biotech company, whose name has not been released.

Here's more from the report:

BioMed Realty Trust Inc. is not naming names, but the REIT just landed a big fish at its 1.4 million-square-foot Pacific Research Center in Newark, Calif. A private biotech company has signed a long-term lease for 220,000 square feet at the sprawling campus in San Francisco’s East Bay submarket.

Developed in 1998 and renovated in 2008, PRC encompasses 10 buildings and sits just off Highway 84, within a close reach of such life science industry players as Stanford University and the high-tech hub of Silicon Valley. The new tenant’s neighbors at the research campus will include Logitech Inc., which signed a lease for approximately 263,500 square feet of space in May 2011.

For the full report, click here.