Menlo Equities and Beacon Capital Partners have broken ground on Portal 405, a 240,000-square-foot life science building in the burgeoning life science market of San Carlos. Located at 405 Industrial Rd. alongside Highway 101, Portal 405 is slated for completion in late 2024.
Portal 405 will be a six-story building within walking distance of the San Carlos Caltrain Station and downtown San Carlos. The building has been designed with flexibility in mind: it is right-sized for a single tenant’s headquarters location or can accommodate multiple tenants with its expansive floorplates and flexible core, according to Menlo Equities and Beacon Capital.
“San Carlos is an important and prominent life science hub, and we look forward to complementing the existing ecosystem with a new state-of-the-art facility that will attract forward-thinking life science users,” said Rick Holmstrom, managing partner of Menlo Equities.
Mike Moran of CBRE and Clarke Funkhouser of Cushman & Wakefield are the exclusive marketing and leasing agents for the project.
The post Menlo Equities, Beacon Capital Launch San Carlos Life Science Build appeared first on Connect CRE.
Menlo Equities and Beacon Capital Partners have broken ground on Portal 405, a 240,000-square-foot life science building in the burgeoning life science market of San Carlos. Located at 405 Industrial Rd. alongside Highway 101, Portal 405 is slated for completion in late 2024. Portal 405 will be a six-story building within walking distance of the …
The post Menlo Equities, Beacon Capital Launch San Carlos Life Science Build appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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