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Silicon Valley Office Complex Slated for Lab Conversion After Facing Steep Occupancy Decline

Heitman Prepared To Repurpose Parkside Tower Complex Into Research and Development Hub
Chicago investment firm Heitman purchased the two-building Parkside Towers complex in Foster City, California, nearly a decade ago. (CoStar)
Chicago investment firm Heitman purchased the two-building Parkside Towers complex in Foster City, California, nearly a decade ago. (CoStar)
CoStar News
February 1, 2023 | 7:44 P.M.

A two-building Silicon Valley office complex purchased right before the region's office boom is now hopping on the life-science bandwagon after a steep drop in demand for traditional workspace.

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News | Silicon Valley Office Complex Slated for Lab Conversion After Facing Steep Occupancy Decline