- ESG & Impact
- Sustainable Growth & Reducing Climate Impact
- Genesis Marina
Building for a sustainable future
Genesis Marina is our Real Estate platform’s marquee, Class A+ life science campus located on Sierra Point, one of the top life science clusters in the world. Acquired in January 2019, the 561,000 square foot project will feature three purpose-built life science campus buildings located near Highway 101, the area’s most traveled freeway, and several public transportation options. The campus boasts noteworthy health and wellbeing amenities, including direct access to the Bay Trail–a 500+ mile premier walking and cycling path–an industry-leading conference center, multiple food and beverage venues and a state-of-the-art fitness center. The project is ~59% pre-leased to Freenome, a dynamic biotech group and Life Sciences portfolio company.
Bain Capital Real Estate (BCRE) embeds ESG considerations in diligence and decision-making processes and understands the importance of conservation and resilience efforts. Prior to acquiring Genesis Marina, BCRE engaged a biologist to ensure the protection of the clapper rail habitat, commissioned a survey to ensure the burrowing owl habitat was not disturbed by the site development and conducted a survey of tree removal to identify native bird nesting. The project’s footprint was also redesigned in consideration of new sea level conditions.
In December 2021, Genesis Marina became the world’s first Total Resource Use and Efficiency (TRUE) pre-certified construction site, which recognizes projects with policies and procedures to effectively pursue zero waste and have demonstrated a commitment to achieving TRUE certification. Located on the site of a former landfill, Genesis Marina expects to divert more than 90% of its waste from landfills and incineration. The project is expected to achieve TRUE certification upon completion in August 2023. All subcontractors at the project are unionized, demonstrating BCRE’s strong commitment to fair employment practices.
BCRE has also incorporated ESG language into standard leases to ensure stewardship from our tenants.
Through Genesis Marina’s pursuit of LEED Gold Certification, BCRE will reduce indoor water use by installing efficient restroom fixtures, solar panels and roof materials with a high Solar Reflectance Index and electric vehicle charging stations to encourage carbon efficient transportation.