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May 28, 2020
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Corbion Leases 32k sf in South San Francisco


Corbion, a leading food and biochemical ingredients company, agreed to a 51-month lease for 32.4k sf of space in South San Francisco. The space is within Genesis, a Class A, two-building high-rise life science R&D/office campus.

Genesis is situated directly off Highway 101 at the base of San Bruno Mountain providing premier visibility and convenient access throughout the Bay Area. Genesis consists of South Tower, an existing 12-story property totaling approximately 340k sf located at One Tower Place, and North Tower, a 400k sf, 21-story tower that is currently under development at Two Tower Place, with completion anticipated in fall 2018.

The lease with Corbion brings occupancy to 100 percent at South Tower. Featuring a comprehensive and modern amenity-rich environment, the Genesis project brings synergy to the thriving ecosystem of its Life Science tenants with a modern fitness center, Foccacia Market & Bakery that includes an extensive menu and catering, a Performing Arts Center (PAC) which holds over 230 persons, pictureesque views of the Bay from the patio lounge, shuttle services to the main public transportation lines and much more.

Newmark Cornish & Carey’s Jay Leslie, Randy Scott, Mary Hines and Jennifer Vergara, along with Becka Studer of Phase 3 Real Estate Partners, are the exclusive leasing team for Genesis and represented the owner, Phase 3 Real Estate Partners Inc., in the transaction. Ben Stern of Newmark Cornish & Carey represented the tenant.

“Since we acquired the property in late 2015, Phase 3 Real Estate Partners has been focused on creating a fully committed biotech environment that fosters growth and collaboration of Life Science companies,” said BJ Van Aken with Phase 3 Real Estate Partners. “Genesis’ environment is enhanced and strengthened by offering a sense of community and camaraderie driven by having a number of life science companies within one campus.”

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