Cushman & Wakefield said Tuesday that Facebook, Inc. (FB) will lease a new, approximately 803,000-square-foot office campus currently under construction in Burlingame, Calif., from Kylli.

Cushman & Wakefield represented Kylli in the transaction.

The facility, which sits on over 18 acres on the edge of San Francisco Bay, was developed by Kylli, which is a wholly-owned subsidiary of China-based Genzon Investment Group Co., Ltd., Cushman & Wakefield said.

Expected to open in 2020, the new facility features four new Class A office buildings and public amenities such as an improved Bay Trail, a pedestrian promenade, and a safer roadway for cyclists and motorists.

JLL represented Facebook in the transaction, Cushman & Wakefield said.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

January 22, 2019 16:58 ET (21:58 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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