Aug
21
Greenland USA Buys Land for Bay Area Biotech Behemoth
ByThe 42-acre Landing at Oyster Point will be transformed into a $1 billion office and R&D campus.
Aerial view of The Landing at Oyster Point masterplan
San Francisco—Los Angeles, New York and now San Francisco. Greenland USA continues to further its goal of peppering the U.S. with monumental commercial real estate projects as it completes the acquisition of The Landing at Oyster Point, a 42-acre developable site in South San Francisco. Greenland USA partnered with Ping An Trust, Agile Group and Poly Sino Capital Ltd. on the $171 million purchase of the premier property from Shorenstein Properties and SKS Partners.
The Oyster Point site last traded in 2008, then known as Oyster Point Business Park and Marina Village, for $85 million. The joint venture, Oyster Point Development LLC, plans to build a $1 billion office and R&D campus on the land, located in the center of a city widely considered to be the leading biotechnology innovation cluster in the world…
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