Barclay is accustomed to representing developers and public agencies with land use and related needs. She is representing BioMed Realty Trust, a San Diego-based life science space real estate investment trust or REIT that The Blackstone Group purchased in January for $4.8 billion.
Barclay is working on several life science campus projects for BioMed in the Bay Area. San Diego-based Illumina, a leader in gene sequencing, is slated to go into BioMed's planned 600,000-square-foot Lincoln Centre Life Sciences Research Campus that is under construction. Barclay is helping BioMed plan the 1.3 million-square-foot Gateway Business Park being viewed as a gateway to South San Francisco.
"We have the entitlements for that and we're looking for an anchor tenant," Barclay said, adding that the market is sufficiently strong so the buildings could be constructed speculatively. "It may have single or multiple tenants."
Barclay is also representing BioMed in its planned development of Gateway Pacific, a 550,000-square-foot project that also will be in South San Francisco.
She is helping BioMed plan the expansion of three existing facilities in the Bay Area. The entitlements for those expansions are expected sometime this year.
Along with working to find opportunities for REITs, Barclay helps other companies with entitlements, real estate acquisition and development and local government law throughout Northern California. She advises clients, including vineyard and agricultural properties, on riparian and appropriative water rights.
Barclay has been involved with the Oakland Athletics Investment Group's efforts to build a stadium in San Jose.
The work for the Athletics so far has entailed drafting all local entitlements, and preparing voter initiative documents needed for voter approval
Numerous organizations and individuals have gone to court to block the move.
"A lot is at play. Oakland is very much vying to keep them," Barclay said. "We (the Athletics) have the option to buy the property."
Barclay is defending the agreements made between the team and San Jose. She is also preparing contingencies for the downtown San Jose property if the team stays in Oakland.
"It's a good location," Barclay said of the San Jose site. "AT&T has office facilities there and the redevelopment is in an area designated for a new BART station."
- Thor Biberman
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