Alexandria Inks 259 KSF Bay Area Life Science Lease
Alexandria Real Estate Equities Inc. has signed a 10-year, 258,581-square-foot lease with Vaxcyte Inc. at 825 Industrial Road, within the Alexandria Center for Life Science – San Carlos. The deal included both new space and an extension of the clinical-stage biopharmaceutical company’s current lease at the property.
Vaxcyte has been an anchor tenant at the two-building life science center since the property came online in 2021. The tenant roster also includes Cargo Therapeutics and Allakos Inc., according to CommercialEdge information.
Amenities at the six-story Class AAA campus in San Carlos, Calif., comprises a pair of buildings at 825 Industrial Road and 835 Industrial Road. The existing campus is 97.4 percent occupied and is slated for a future expansion of 1.4 million square feet. Amenities include conference and meeting spaces, a courtyard, an eatery, a coffee bar, as well as a fitness and wellness center.
The Alexandria Center for Life Science is just off Highway 101 and across the road from San Carlos Airport. The campus is also less than 1 mile away from light rail and bus stops. Downtown San Francisco is 25 miles north.
In April, Alexandria also signed a lease renewal and extension at its Alexandria Center for Advanced Technologies – South San Francisco campus. A machine learning–powered drug discovery and development company committed to 143,188 rentable square feet.
The post Alexandria Inks 259 KSF Bay Area Life Science Lease appeared first on Commercial Property Executive.
