With one of the largest and most diversified portfolios of any healthcare REIT, HCP provides cutting-edge life science facilities for research and discovery. Built for a single tenant in 1996, HCP engaged FPBA to reposition this 45,050 square foot building into a multi-tenant speculative lab/office building in 2015 as a response to market demand.
To attract leaders in science and technology, the complete renovation focuses on an open plan with seven tenant suites, maximizing daylight and expansive, coastal views. A bright color palette, used for both building interiors and exterior, creates a sophistication to the overall composition, designed to inspire and foster innovation. Nearly 15% of the overall building square footage is dedicated to amenity space including shared conferencing, a coffee bar, lunch and game room with outdoor deck and grill station, wellness room, bicycle storage, showers, common glass wash, and flexible laboratory support spaces. Beyond, a walking/jogging trail offers a healthy alternative to circulate within the campus.
The renovation and site upgrades were completed in May of 2015, with three of the tenant suites pre-leased and completed at the same time as the speculative improvements. Within a year, the building was fully leased and has zero vacancy today.