Life sciences campus operator and developer Alexandria Real Estate Equities, Inc. recently announced the addition of a new tenant at its Alexandria Center® for Life Science – San Carlos mega campus. The addition to the roster is biotechnology innovation company Vaxcyte, Inc., which signed a 10-year lease for nearly the entirety of Building 1.
Located at 825 Industrial Road, the property incorporates 280,000 square feet of research and development office space in San Carlos, Calif., across six stories, of which the Vaxcyte lease includes nearly 260,000 rentable square feet. The company has been an anchor tenant at the campus since it opened in 2021. The recently signed lease includes an extension of the lease term for its existing space, as well as new space.
Proposed for LEED Gold certification, the building includes an on-site conference room, fitness center, and a multi-level parking structure that’s shared with The Alexandria District – Building 2 at 835 Industrial Road.
Building 1 of the AREEE Life Sciences mega campus at 825 Industrial Rd., in San Carlos, Calif. Property image courtesy of CommercialEdge.com.
As of September 30, 2024, the Alexandria Center for Life Science – San Carlos had nearly 740,000 rentable square feet in operation, which was 97.4% occupied. Additionally, the campus offers roughly 1.4 million square feet of future development opportunities, making it well-positioned to provide the scale and flexibility that meet the evolving needs of leading life sciences companies.
In addition to best-in-class essential Labspace® infrastructure, the campus also offers convenient access to Highway 101 and is within highly valued walking distance to Caltrain, boutique shops, and dining. Combining inspiring design with people-centered amenities, the San Carlos mega campus offers an expansive courtyard; a contemporary eatery; an artisanal coffee bar; a fully equipped fitness and wellness center; as well as cutting-edge conference and meeting spaces intended to assist tenants in recruiting and retaining the best talent in the industry.
Building 1 and Building 2 of the the AREEE Life Sciences mega campus, at 825 Industrial Rd., and 835 Industrial Rd, in San Carlos, CA. Property image courtesy of CommercialEdge.com.
Looking to rent life sciences office space in San Carlos, San Mateo County, or the larger San Francisco Bay area? Visit the CommercialCafe.com homepage to start your search.
Last modified: December 2, 2024
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About the Author / Ioana Ginsac
Ioana Gînsac is a creative writer covering all-things-CRE for several Yardi product publications. Topics include industry news, U.S. office and industrial market reports, as well as features on development, architecture, urbanism, proptech, design, and more. Her work has appeared in AmericanInno, Bisnow, BusinessInsider, Commercial Property Executive, Curbed, Fast Company, Forbes, GlobeSt, Inc, Patch, The Real Deal.