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Major Biotech REIT Pays $164 Million for Chunk of Oracle’s Silicon Valley Portfolio

IQHQ Closes on Vacant Office, Parking Lot Sites From Former South Bay-Based Tech Giant
IQHQ purchased the office building at 10 Twin Dolphin Drive in Redwood City, California, as part of a $164 million portfolio deal with software giant Oracle. (CoStar)
IQHQ purchased the office building at 10 Twin Dolphin Drive in Redwood City, California, as part of a $164 million portfolio deal with software giant Oracle. (CoStar)
CoStar News
November 15, 2021 | 11:16 P.M.

A life science-focused real estate investment trust is planting its flag deeper in the Bay Area biotech boom with the $164 million acquisition of a 15-acre site from software giant Oracle.

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