Menlo Equities, Beacon Capital Partners break ground on 240,000sf life science building in San Carlos, Calif.
Menlo Equities and Beacon Capital Partners announced the groundbreaking of Portal 405, a 240,000-square-foot life science building in San Carlos, Calif. Located at 405 Industrial Road, alongside Highway 101, Portal 405 will offer access, visibility and prominence within the broader San Carlos Innovation District when it is completed in late 2024.
Portal 405 will be a six-story building within walking distance to the San Carlos Caltrain Station and downtown San Carlos.
“We believe in the strength of this location and the continued growth of the life science sector here,” said Steve Purpura, president of life sciences at Beacon Capital Partners. “We are excited to begin construction on Portal 405 and create a new home for innovation by leading life science companies.”
The four occupiable lab and office floors are elevated, sitting above two levels of above-grade parking and two levels of subterranean parking, to provide views of the San Francisco Bay to th