Alexandria Real Estate Signs Long-Term Tenant Expansion at San Carlos Life Sciences Campus

[ad_1] Life sciences campus operator and developer Alexandria Actual Property Equities, Inc. not too long ago introduced the addition of a brand new tenant at its Alexandria Heart® for Life Science – San Carlos mega campus. The addition to the roster is biotechnology innovation firm Vaxcyte, Inc., which signed a 10-year lease for practically everything of Constructing 1.

Situated at 825 Industrial Street, the property incorporates 280,000 sq. toes of analysis and improvement workplace area in San Carlos, Calif., throughout six tales, of which the Vaxcyte lease contains practically 260,000 rentable sq. toes. The corporate has been an anchor tenant on the campus because it opened in 2021. The not too long ago signed lease contains an extension of the lease time period for its current area, in addition to new area.

Proposed for LEED Gold certification, the constructing contains an on-site convention room, health heart, and a multi-level parking construction that’s shared with The Alexandria District – Constructing 2 at 835 Industrial Street.

Constructing 1 of the AREEE Life Sciences mega campus at 825 Industrial Rd., in San Carlos, Calif. Property picture courtesy of CommercialEdge.com.

As of September 30, 2024, the Alexandria Heart for Life Science – San Carlos had practically 740,000 rentable sq. toes in operation, which was 97.4% occupied. Moreover, the campus presents roughly 1.4 million sq. toes of future improvement alternatives, making it well-positioned to supply the size and adaptability that meet the evolving wants of main life sciences corporations.

Along with best-in-class important Labspace® infrastructure, the campus additionally presents handy entry to Freeway 101 and is inside extremely valued strolling distance to Caltrain, boutique outlets, and eating. Combining inspiring design with people-centered facilities, the San Carlos mega campus presents an expansive courtyard; a up to date eatery; an artisanal espresso bar; a totally geared up health and wellness heart; in addition to cutting-edge convention and assembly areas supposed to help tenants in recruiting and retaining the most effective expertise within the trade.

<img loading="lazy" decoding="async" aria-describedby="caption-attachment-40812" class="size-full wp-image-40812" src="https://www.commercialcafe.com/blog/wp-content/uploads/sites/10/2024/11/CE_825-and-835-Industrial-Rd-San-Carlos-Building-1-and-2-of-the-AREEE-Life-Sciences-Mega-Campus.jpg" alt="Building 1 of the AREEE Life Sciences mega campus at 825 Industrial Rd., and Building 2 at 835 Industrial Rd, in San Carlos, California" width="1000" height="800"/> Constructing 1 and Constructing 2 of the the AREEE Life Sciences mega campus, at 825 Industrial Rd., and 835 Industrial Rd, in San Carlos, CA. Property picture courtesy of CommercialEdge.com.

Seeking to hire life sciences workplace area in San Carlos, San Mateo County, or the bigger San Francisco Bay space? Go to the CommercialCafe.com homepage to begin your search.

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Final modified: December 2, 2024

<img width="150" height="97" src="https://www.commercialcafe.com/blog/wp-content/uploads/sites/10/2024/11/kenilworth-new-jersey-commercial-real-estate-golf-course-and-merck-campus.jpg?w=150" class="grayscale grayscale-fade wp-post-image" alt="aerial panoramic view of the kenilworth new jersey golf course in the closer plane and the Northeast Science & Technology (NEST) Center (frmerly mercl campus) further back and to the right" decoding="async" loading="lazy"/> Earlier Story:Revlon Joins NEST With Lease for Innovation Hub Relocation In regards to the Writer / Ioana Ginsac Ioana Gînsac is a artistic author masking all-things-CRE for a number of Yardi product publications. Subjects embrace trade information, U.S. workplace and industrial market experiences, in addition to options on improvement, structure, urbanism, proptech, design, and extra. Her work has appeared in AmericanInno, Bisnow, BusinessInsider, Industrial Property Government, Curbed, Quick Firm, Forbes, GlobeSt, Inc, Patch, The Actual Deal.