• American City Business Journals9 months ago

    Buyer eyes biotech in expected acquisition of high-profile Peninsula highrise

    A San Diego buyer will buy the Centennial Towers project along Highway 101, hoping to market the remainder of the current 12-story building and a planned second tower to small and emerging biotech companies. Phase 3 Properties Inc. is expected to close later this month on its acquisition of the twin highrise project from Myers Development, a South San Francisco city official said Monday. Phase 3 declined to comment for this story, and Myers Development did not return an email message.

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