Newmark Cornish & Carey today announced Myovant Sciences Ltd. (NYSE: MYOV), leased approximately 20,000 square feet at Diamond Investment Properties’ Sierra Point Towers. Having recently completed its initial public offering, the clinical-stage biopharmaceutical company is moving into 2000 Sierra Point Parkway’s ninth floor with panoramic views of the bay and custom improvements designed for Myovant’s growing workforce.
“We are excited to welcome Myovant to Sierra Point Towers’ growing biotech cluster,” said Steve Diamond of Diamond Properties. “Our Towers are a landmark on Highway 101, conveniently located with great public transportation options, bay views, and new on-site amenities.”
“Myovant just completed the biggest biotech IPO of 2016 under the leadership of an amazing management team,” said Andrew Diamond of Diamond Properties. “We are proud to provide them with spectacular, modern space for their long-term growth, at a substantial discount to the rents next door in San Francisco.”
In the past year, several biotech companies have chosen to develop their innovations at Sierra Point Towers. Innoviva, Inc. (NASDAQ: INVA), Tioma Therapeutics, Inc. (formerly known as Vasculox, Inc.) and Raptor Pharmaceutical Corp. (NASDAQ:RPTP) all signed new leases at the property; Aimmune Therapeutics, Inc. (NASDAQ:AIMT) executed a major expansion; and BioMarin Pharmaceutical (NASDAQ:BMRN) extended its long-term lease at the complex.
“Working together with Myovant and Diamond Properties we came to a creative occupancy solution,” said Craig Kalinowski, senior managing director of Newmark Cornish & Carey, who represents the property for lease. “A short-term lease in half the amount of space accommodated Myovant’s immediate need for space, and now we will welcome them into a customized home for years to come.”
Sierra Point Towers are twin eight and twelve-story bayfront office towers with approximately a half-million square feet of Class A office space. Located on Highway 101 at the first freeway exit south of San Francisco at 2000 Sierra Point Parkway and 8000 Marina Boulevard, shuttle service is available to Caltrain and BART. Sierra Point Towers features onsite restaurants and food trucks, fitness center, basketball court, outdoor collaboration areas and ample parking.
About Newmark Cornish & Carey
A dominant regional real estate force since 1935, Newmark Cornish & Carey has an expansive reach as part of Newmark Grubb Knight Frank, one of the world’s leading commercial real estate advisory firms. Regionally, Newmark Cornish & Carey has more than 280 agents in 13 strategically located offices throughout Northern California, creating a powerful platform from which to deliver superior services locally, while upholding its core values of integrity and knowledge. For further information, visit www.newmarkccarey.com.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.