Tuesday, October 18, 2011

Gilead breaking ground on 1st part of massive HQ campus rebuild

AIDS drug developer Gilead Sciences Inc. will break ground Wednesday afternoon on a $140 million, 192,054-square-foot R&D center on its Foster City campus.
It is the first in a major overhaul of Gilead’s longtime Lakeside Drive home that ultimately will double its footprint to 1.2 million square feet and push Gilead's local workforce from 1,700 to 3,400.
In all, plans call for razing eight one- or two-story buildings, constructing seven structures of two to 10 floors, and building one addition. The multi-year project, which Gilead (NASDAQ: GILD) unveiled in 2008, will result in a 16-building campus of up to 755,048 square feet of office space and at least 445,432 square feet of labs.

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